East Bridge Capital Management acquired nearly 0.6% 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 ₹55.46 crore. The acquisition represented 0.57% of the company's paid-up equity capital, at an average price of ₹601.75 per share.
Despite the buying interest from East Bridge Capital, Jubilant Ingrevia shares came under heavy selling pressure, falling 6.13% to ₹593.60. As reported by the stock exchanges, the stock closed at its lowest level since April 2, 2026, reversing gains from a two-day rally. The significant decline occurred despite the institutional investment, indicating broader market sentiment affecting the specialty chemicals sector.
Meanwhile, 3 Sigma Global Fund, a Mauritius-based foreign portfolio investor, sold 1.1 lakh equity shares of Rajkot-based smartphone and accessories retailer Mehul Telecom for ₹1.26 crore. The sale represented 1.05% of the company's paid-up equity capital, with shares sold at ₹114.35 apiece. As of September 2026, 3 Sigma Global Fund held a 1.65% stake in Mehul Telecom, equivalent to 1.72 lakh equity shares. Following the sale, Mehul Telecom shares declined 11.92% to ₹114.50, their lowest closing level in a month.
Kuber India Opportunity Fund exited Sollfege Smart Electronics by selling its entire holding of 3.6 lakh shares, representing a 3.6% stake, for ₹1.98 crore. The shares were sold at ₹55 apiece. Sollfege Smart Electronics shares slipped below their issue price of ₹55 in the previous session before ending 0.55% higher at ₹54.99. Following a strong debut and closing performance on October 8, the stock came under sustained selling pressure, hitting the lower circuit for 10 consecutive sessions through October 23, falling 47.4% from its all-time high of ₹104.50.
