Molbio Diagnostics shares jump 5% as HDFC MF buys 1.99% stake via bulk deal | Newly listed stock up 71% from IPO price
New Delhi, Oct. 1 -- Molbio Diagnostics share price jumped over 5% on Thursday, 1 October, following bulk deal transactions in the stock a day earlier.
On 30 September, HDFC Mutual Fund acquired 23 lakh shares, representing a 1.99% stake in the Goa-based diagnostic solutions provider, for Rs.302.45 crore. The shares were purchased at Rs.1,315 apiece, according to BSE data.
Meanwhile, Business Excellence Trust III, managed by Motilal Oswal Private Equity, reduced its stake in Molbio Diagnostics by 2.02 percentage points by selling 23.28 lakh shares for Rs.306.26 crore. The shares were sold at Rs.1,315.01 apiece, as per BSE data.
Molbio Diagnostics shares opened at Rs.1,309.55 on the BSE on Thursday and climbed to an intraday high of Rs....
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