Promoters of Control Print, a manufacturer of coding and marking machines, acquired an additional stake of over 1 percent in the company, while India Max Investment Fund exited its investment through open-market transactions.
Possibly reflecting these developments, the stock rallied 4.5 percent to close at Rs 623.4, its highest closing level since July 22, accompanied by strong trading volumes on the NSE.
Basant Kabra purchased 1.36 lakh shares of Control Print at Rs 609.81 apiece, while Shiva Basant Kabra acquired 85,000 shares at Rs 609.99 per share. Their combined purchases represented 1.38 percent of the company's paid-up equity capital and were valued at Rs 13.48 crore.
On the other hand, India Max Investment Fund exited Control Print by selling its entire holding of 2.5 lakh shares, representing a 1.56 percent stake, for Rs 15.25 crore at Rs 610 per share.
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