TCNS Outfits surges 26% in 2 times right after Nalanda Fund purchases 7% stake
2 min readTCNS Apparel shares, on Thursday, rallied 15 for each cent to Rs 510 in intra-working day trade on the National Stock Exchange (NSE), surging 26 for every cent in two days, immediately after Nalanda Fund obtained 7 for every cent stake in the firm, by using open up industry, for Rs 178 crore.

On Wednesday, February 18, Nalanda India Equity Fund bought 4.32 million fairness shares, symbolizing 7.02 for each cent stake in TCNS Clothing, while block promotions, the exchange info demonstrates. The overseas portfolio traders obtained shares at an normal selling price of Rs 412.31 for every share.




Fidelity Investment decision Belief Fidelity Global Discovery Fund (1.74 million shares) and Fidelity Expense Trust: Fidelity Rising Asia Fund (.45 million shares) have collectively offloaded 2.19 million shares, or 3.56 for every cent stake, at a cost of Rs 402 per share, info displays. The names of the other sellers ended up not ascertained promptly.

At 09:58 am, TCNS Clothes was investing 12 for each cent better at Rs 497 on the NSE, as when compared to .1 for each cent rise in the Nifty50 index. A mixed around 900,000 fairness shares had transformed palms on the counter on the NSE and BSE till the writing of this report.

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