According to bulk transaction data available on the BSE, SBI Mutual Fund (MF), India Acorn ICAV, Kotak Mahindra MF and Franklin Templeton MF bought a total of 8.09 lakh shares, or 2.97% stake, in Rolex Rings.
The shares were purchased in a price range of Rs 2,421.08-2,425 apiece, taking the deal value to Rs 196.14 crore.
Meanwhile, ICICI Prudential MF and two promoters cumulatively sold 3.61% stake, or 7.65 lakh shares, in Rolex Rings for Rs 185.44 crore through open market transactions.
ICICI Prudential MF, Rolex Rings promoters Ashok Dayashankar Madeka and Sanjay Bhagvanji Bole sold the shares in the price range of Rs 2,419-2,425 per piece, the data showed.
Details of the other sellers of Rolex rings could not be identified.
Shares of Rolex Rings fell 0.47 per cent to close at Rs 2,434.35 apiece on the BSE.
Gujarat-based Rolex Rings is among India’s leading manufacturers of forged and machined components.
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