Mukul Agrawal exits Ajmera Realty; PGIM India raises stake in Ganesh Consumer Products

• Mukul Agrawal exits Ajmera Realty
• PGIM India increases stake in Ganesh Consumer Products
• Wallfort PMS sells 0.5% stake in My Mudra Fincorp

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Ace investor Mukul Agrawal exited real estate developer Ajmera Realty and Infra India, while asset management company PGIM India increased its stake in Ganesh Consumer Products through open market transactions on November 4.

According to bulk deal data available on the stock exchanges, Mukul Agrawal sold his entire holding of 37.97 lakh shares, representing 1.93 percent of Ajmera Realty‘s paid-up equity capital, for Rs 53.4 crore.

On the other side, Mumbai-headquartered Everest Food Products, also known as Everest Spices, acquired the entire stake sold by Agrawal at Rs 140.75 per share.

In a separate transaction, Cello Pens and Stationery acquired 25 lakh shares, equivalent to 1.27 percent of Ajmera Realty’s paid-up equity capital, from ValueQuest Investment Advisors.

The transaction was valued at Rs 35.25 crore, at a price of Rs 141 per share.

Additionally, Gopani Jignesh Gunvant acquired 14.4 lakh shares, representing 0.73 percent of the company’s paid-up equity capital, for Rs 20.09 crore at Rs 139.56 per share.

In terms of stock performance, Ajmera Realty shares rallied 5.54 percent to Rs 139.75 on Wednesday, accompanied by strong trading volumes.

PGIM India raises stake in Ganesh Consumer Products

PGIM India Equity Growth Opportunities Fund Series II increased its stake in Ganesh Consumer Products, the packaged whole wheat flour brand, by acquiring an additional 2.5 lakh shares, representing 0.6 percent of the company’s paid-up equity capital, for Rs 4.7 crore.

The shares were purchased at Rs 190.38 apiece.

According to the latest shareholding pattern, PGIM India held a 1.57 percent stake in Kolkata-based Ganesh Consumer Products.

The stock staged stellar performance on Wednesday, soaring 11.75 percent to Rs 192.36.

Wallfort PMS sells 0.5% stake in My Mudra Fincorp

Wallfort PMS & Advisory Services LLP sold 57,600 shares, equivalent to 0.5 percent of the paid-up equity capital, in My Mudra Fincorp, a fintech company engaged in the distribution of financial products, for Rs 55.52 lakh.

On the other side, Madhavan Meiyappan acquired 60,000 shares at Rs 96.40 apiece, valuing the transaction at Rs 57.84 lakh.

My Mudra Fincorp shares declined 3.65 percent on Wednesday to close at Rs 96.35. However, the stock has remained in a consolidation phase since October 8, following a stellar rally.