East Bridge Capital Management acquired nearly 0.6 percent of the equity capital of specialty chemicals company Jubilant Ingrevia through an open-market transaction on October 28.
According to bulk deal data published by the stock exchanges, East Bridge Capital Master Fund I purchased 9.21 lakh equity shares of Jubilant Ingrevia for Rs 55.46 crore.
The acquisition represented 0.57 percent of the company's paid-up equity capital, at an average price of Rs 601.75 per share.
Despite the buying interest, the stock came under heavy selling pressure, falling 6.13 percent to Rs 593.60. It closed at its lowest level since April 2, 2026, reversing gains from a two-day rally.
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