Azim Premji-Backed PI Opportunities Acquires Stake Worth Rs 3,207 Crore

The firm acquired 2.5 lakh shares of Reliance Industries at Rs 1,305 apiece, aggregating to Rs 32.9 crore.

Azim Premji-backed PI Opportunities AIF V LLP expanded its portfolio with Rs 3,207 crore worth of stakes in companies like Reliance, L&T, Infosys, and ITC, through BSE and NSE block deals, showcasing confidence in high-value blue-chip stocks (Photo Source: Envato)

PI Opportunities AIF V LLP acquired Rs 3,207 crore worth of stake from various companies on Wednesday.

BSE Block Deals

The Azim Premji-backed limited liability partnership business acquired the below stakes via a BSE block deal.

  • The firm acquired 2.5 lakh shares of Reliance Industries Ltd. at Rs 1,305 apiece, aggregating to Rs 32.9 crore.

  • The company mopped up 0.14% stake in Larsen & Toubro Ltd. at Rs 3,575 apiece, aggregating to Rs 720 crore.

  • The business bought up 0.06% stake in Infosys Ltd. at Rs 1,754 apiece, aggregating to Rs 406 crore.

  • The enterprise purchased 0.03% stake in ITC Ltd. at Rs 1,480 apiece, aggregating to Rs 191 crore.

  • The organisation obtained 2.75 lakh shares in Tata Consultancy Services Ltd. at Rs 3,971 apiece, aggregating to Rs 109 crore.

  • PI Opportunities procured 0.06% stake in SBI Life Insurance Co. at Rs 1,633 apiece, aggregating to Rs 112 crore.

  • The business accumulated 2.15% stake in Sapphire Foods India Ltd. at Rs 321 apiece, aggregating to Rs 44 crore.

  • PI Opportunities secured 0.19% stake in Deepak Nitrite Ltd. at Rs 2,695 apiece, aggregating to Rs 92 crore.

Also Read: Trent Block Deal: Investor Siddhartha Yog Buys Stake For Rs 838 Crore

NSE Block Deals

The limited liability partnership business acquired the below stakes via an NSE block deal.

  • The firm further picked up 0.07% stake in ICICI Bank Ltd. at Rs 1,306 apiece, aggregating to Rs 730 crore.

  • PI Opportunities netted 0.01% stake in HDFC Bank Ltd. at Rs 1,751 apiece, aggregating to Rs 219 crore.

  • The company assimilated 0.11% stake in Godrej Consumer Products Ltd. at Rs 1,269.35 apiece, aggregating to Rs 145 crore.

  • The entity absorbed 0.11% stake in Ambuja Cements Ltd. at Rs 579.35 apiece, aggregating to Rs 167 crore.

  • PI Opportunities consolidated 0.03% stake in Divi's Laboratories Ltd. at Rs 5,979 apiece, aggregating to Rs 480 crore.

  • The firm collected 14.2 lakh shares in United Spirits Ltd. at Rs 1,456 apiece, aggregating to Rs 207 crore.

Also Read: Torrent Pharma To Raise Up To $297 Million Via Block Deal

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