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Jupiter Capital Sells Axiscades Stake; Abakkus, Kotak AMC Among Buyers
M
Moneycontrol•29-09-2026, 23:35
Jupiter Capital Sells Axiscades Stake; Abakkus, Kotak AMC Among Buyers
- •Jupiter Capital sold a 10.69% stake in Axiscades Technologies for Rs 829.72 crore to four institutional investors.
- •Abakkus Asset Manager acquired a 3.03% stake and Kotak Mahindra Mutual Fund bought a 4.89% stake in Axiscades.
- •Axiscades shares surged 10% to close at Rs 2,067.40, their highest since May 11, following the block deals.
- •Mubadala's Seventy Second Investment Company LLC sold a 3.34% stake in Cube Highways Trust for Rs 689.46 crore.
- •Larsen & Toubro, Birla Mutual Fund, HSBC Mutual Fund, and Kotak Mahindra AMC were among the nine investors who bought units in Cube Highways Trust.
Key Questions Answered
Promoter Jupiter Capital sold 45.48 lakh shares, representing a 10.69 percent stake in Axiscades Technologies, for Rs 829.72 crore through open-market transactions on September 29 at Rs 1,824 per share.
Sunil Singhania's Abakkus Asset Manager acquired a 3.03 percent stake (12.88 lakh shares) for Rs 235 crore, and Kotak Mahindra Mutual Fund bought a 4.89 percent stake (20.83 lakh shares) for Rs 380 crore. Other buyers included Vanaja Sundar and Svadha India Emerging Opportunities Scheme 1.
Following the block deals on September 29, Axiscades shares hit the 10 percent upper circuit to close at Rs 2,067.40 on the National Stock Exchange, marking their highest closing level since May 11.
