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HDFC Mutual Fund Sells 1.45% Stake in Escorts Kubota for Rs 453 Crore
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News18•24-09-2026, 14:30
HDFC Mutual Fund Sells 1.45% Stake in Escorts Kubota for Rs 453 Crore
- •HDFC Mutual Fund offloaded 16.21 lakh shares (1.45% stake) in Escorts Kubota for Rs 453 crore through a bulk deal on BSE.
- •The transaction occurred at an average price of Rs 2,794 per share.
- •Following the sale, HDFC MF's holding in Escorts Kubota decreased from 6.94% to 5.49%.
- •Nippon India Mutual Fund acquired 12.94 lakh shares (1.16% stake) in Escorts Kubota for Rs 361.69 crore.
- •In a separate bulk deal, Business Excellence Trust III sold a 2.6% stake in Molbio Diagnostics for Rs 394 crore, with Kotak Mahindra MF acquiring a 2.4% stake.
Key Questions Answered
HDFC Mutual Fund sold 16.21 lakh shares, representing a 1.45 percent stake, in Escorts Kubota for Rs 453 crore through a bulk deal on the BSE.
Nippon India Mutual Fund bought 12.94 lakh shares, or a 1.16 percent stake, in Escorts Kubota at the same price of Rs 2,794 per share, totaling Rs 361.69 crore.
Following the sale of its shares, HDFC Mutual Fund's holding in Escorts Kubota through its schemes declined from 6.94 percent to 5.49 percent.
