Carnelian Asset Management, HDFC Asset Management Company (HDFC AMC) and Larsen & Toubro (L&T) collectively acquired a 2.9 percent stake in alternative investment management platform EAAA India Alternatives through open-market transactions on November 2, its first day of trading on the stock exchanges following its IPO.
EAAA India Alternatives shares gained 3.77 percent to close at Rs 1,727.80 on the National Stock Exchange (NSE).
According to bulk deal data, HDFC Mutual Fund purchased 8.06 lakh equity shares, representing 1.24 percent of the company's paid-up equity capital, for Rs 135.4 crore at an average price of Rs 1,679.75 per share.
Vikas Khemani-led Carnelian Asset Management & Advisors acquired 7 lakh shares, equivalent to a 1.08 percent stake, for Rs 118.4 crore at Rs 1,691.80 per share.
Infrastructure major Larsen & Toubro purchased 3.71 lakh shares, representing a 0.57 percent stake in EAAA India Alternatives, at Rs 1,682.32 per share. The transaction was valued at Rs 62.55 crore.