Invesco Mutual Fund has acquired a 3.5 percent stake in Sahajanand Medical Technologies, a medical devices manufacturer, through open-market transactions on October 23. Meanwhile, Yali Capital has exited newly listed Tonbo Imaging India, while HDFC Mutual Fund, Bajaj Life Insurance and Buoyant Capital have purchased shares in the defence electronics equipment maker.
Shares of Sahajanand Medical Technologies made a strong debut on the stock exchanges on Friday, closing at Rs 377.65, up 9.8 percent over the issue price of Rs 344 on the National Stock Exchange (NSE).
Invesco Mutual Fund purchased 8 lakh shares of Sahajanand Medical at Rs 374.91 apiece and another 28.07 lakh shares at Rs 371.44 apiece. The transactions represented a 3.5 percent stake in the company's paid-up equity capital, valued at approximately Rs 134.3 crore.
Headquartered in Gujarat, Sahajanand Medical Technologies specialises in vascular and structural heart interventions. Its product portfolio includes coronary stents, coronary balloons, transcatheter aortic valve implantation (TAVI) devices, occluders, renal stents and peripheral drug-coated balloons.
Yali Capital exits Tonbo Imaging India; HDFC MF, Bajaj Life Insurance and Buoyant Capital buy shares