Stories
ICICI Securities and India Max Investment Fund Offload Stakes in Recent Market Deals
- •ICICI Securities Primary Dealership sold a 0.6 per cent stake in Snapdeal parent AceVector for Rs 8.6 crore through open-market transactions.
- •AceVector shares dropped 5.28 per cent to Rs 26.18 following the bulk deal, extending a three-session decline.
- •India Max Investment Fund offloaded a 0.53 per cent stake in Devson Catalyst for Rs 2.75 crore at Rs 382.50 per share.
- •Devson Catalyst stock fell 4.31 per cent to close at Rs 382.75 after hitting a record high earlier in October.
- •Wallfort Financial Services acquired a 0.52 per cent stake in Fine Line Circuits for Rs 20.71 lakh, pushing the stock up by 4.14 per cent.
Key Questions Answered
ICICI Securities Primary Dealership offloaded 32.91 lakh shares, which represents a 0.6 per cent stake in AceVector, through open-market transactions on October 14. The shares were sold for Rs 8.6 crore at a price of Rs 26.27 per share.
AceVector shares fell by 5.28 per cent to close at Rs 26.18 on the National Stock Exchange following the bulk deal, extending their declining streak to a third consecutive session. The stock has dropped more than 21 per cent from its high of Rs 33.27 recorded on October 8.
AceVector operates an asset-light digital commerce ecosystem that includes Snapdeal, a value-focused lifestyle e-commerce marketplace, Unicommerce, an e-commerce enablement SaaS platform, and Stellaro Brands, an omnichannel consumer brands retailing business.
