Fairfax India Holdings' subsidiary FIH Mauritius Investments executed a significant stake reduction in IIFL Finance, selling 63.39 lakh shares representing a 1.49 percent stake for ₹374.02 crore at ₹590 per share. According to latest block deal data, the transaction was executed on Thursday through open market transactions, with the deal size reaching ₹374.02 crore at the average price of ₹590 per share. The buyers included American Funds Insurance Series Global Small Capitalization Fund, which purchased 1.66 lakh shares (0.04 percent) for ₹9.8 crore, and Smallcap World Fund backed by Capital Group, which acquired 61.73 lakh shares (1.45 percent) for ₹364.2 crore. IIFL Finance shares closed 2.43 percent higher at ₹622.60 on the NSE following the transaction, with the stock rising over 2 percent on Friday. Following the latest transaction, FIH Mauritius Investments' shareholding in IIFL Finance declined to 13.69 percent from the previous 15.18 percent based on the June 2026 shareholding pattern.
Abakkus Asset Manager made a notable acquisition in Bai-Kakaji Polymers, purchasing 6.08 lakh shares (2.84 percent) for ₹12.18 crore at ₹200.34 per share through open market transactions on July 30. The selling parties included Tiger Strategies Fund-I, which offloaded 1.08 lakh shares for ₹2.16 crore, and Sanjay Popatlal Jain, who sold 3.42 lakh shares (1.59 percent stake) for ₹6.84 crore at ₹200 per share. Sanjay Popatlal Jain previously held a 2.49 percent stake in Bai-Kakaji Polymers as of March 2026. The acquisition drove Bai-Kakaji Polymers shares to surge 19.88 percent to ₹240 following the transaction.
Xtranet Technologies made a successful market debut on July 30, listing at a 7 percent premium to its issue price of ₹125.20. The company's shares opened at ₹126.00 and traded in a range of ₹125.05 to ₹126.30 during the session. In the bulk deal that preceded the listing, Mittal Growth Partners LLP acquired 9.4 lakh shares (1.79 percent) for ₹12.69 crore at ₹135.04 per share on the company's listing day. However, Xtranet Technologies ended its debut session 1.7 percent lower at ₹124.8, reflecting typical first-day volatility in new listings.
In other significant bulk deals, Fidelity Funds India Focus Fund purchased an additional 20.22 lakh shares (0.62 percent) in Sapphire Foods India for ₹39.58 crore at ₹195.7 per share, while the Government of Singapore sold 18.95 lakh shares (0.58 percent) for ₹37.1 crore at ₹195.71 per share. As of June 2026, Fidelity Funds India Focus Fund and the Government of Singapore held 3.15 percent and 3.75 percent stakes, respectively, in Sapphire Foods. The market activity reflects continued institutional interest in established companies alongside new listings like Xtranet Technologies.
