Big Block Deals Impact Restaurant Brands Asia and Other Stocks

Restaurant Brands Asia, formerly known as Burger King India, experienced significant activity on September 15, as eight investors acquired a combined 23.92 percent stake in the company. These investors include Tata Mutual Fund, Plutus Wealth Management LLP, TD Emerging Markets Fund, Amal N Parikh, Quant Mutual Fund, ICICI Prudential Life Insurance Company, Goldman Sachs Funds-Goldman Sachs Asia Equity Portfolio, and Franklin Singapore 3 Banken Asia Stock-Mix. The transactions were made through open market transactions, with the stock price rising 6.7 percent on the NSE.

In a similar vein, foreign company SCHF PV Mauritius sold a 1.03 percent stake in non-banking finance company Five-Star Business Finance. The shares were purchased by foreign portfolio investor Smallcap World Fund Inc, which increased its existing holdings in the company.

Furthermore, U.S.-registered global investment adviser Vanguard Group acquired stakes in several Indian stocks, including Data Patterns India, Himadri Speciality Chemicals, MTAR Technologies, Nazara Technologies, Olectra Greentech, and Ramkrishna Forgings. Vanguard invested a total of Rs 706.34 crore in these stocks, reinforcing its presence in the Indian market.

BNP Paribas Arbitrage, a private investment firm based in Paris, was the seller of shares in several companies, including Himadri Speciality Chemicals, Nazara Technologies, Olectra Greentech, Ramkrishna Forgings, Apar Industries, Kirloskar Oil Engines, NMDC Steel, Safari Industries (India), and Titagarh Rail Systems.

In other news, the Serum Institute of India, owned by Dr Cyrus Poonawalla, sold shares in pharma company Panacea Biotec. The stock value saw a 4 percent increase following the sale.

Other transactions included EVLI Emerging Frontier Fund purchasing a stake in microfinance company Satin Creditcare Network and investor GG Engineering selling shares in GI Engineering Solutions.

Lastly, Aditya Vision, an electronic retail chain in which ace investor Ashish Kacholia holds a 2 percent stake, experienced a decline in share price. Promoters sold a portion of their shareholding, with HDFC Mutual Fund acting as the buyer for some of those shares.

Overall, these big block deals had a significant impact on the stocks involved, reflecting exciting developments in the Indian market.

– Open market transactions: Transactions in which securities are bought and sold on public stock exchanges.
– Stake: A percentage of ownership in a company.
– Non-banking finance company: A financial institution that provides financial services similar to traditional banks but is not regulated as a bank.
– Global investment adviser: A company that provides investment advice and manages investment portfolios on a global scale.
– Pharma company: A company engaged in the research, development, production, and marketing of pharmaceutical drugs.
– Microfinance company: A company that offers financial services, such as small loans, to low-income individuals and small businesses.
– Share price: The price at which a single share in a company is trading on a stock exchange.

– Bulk deals data available with the exchanges.