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

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

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.

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.