Clean Science Bulk Deal: Norges Bank Picks RS 158 Crore Stake. Nippon, SBI MF Under Buyers

Clean Science Bulk Deal: Norges Bank Picks RS 158 Crore Stake. Nippon, SBI MF Under Buyers

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Norway-based Norges Bank bought more than 14.62 Lakh shares worth RS 158 Crore in clean science and technology on Thursday. Nippon India Mutual Fund, SBI Mutual Fund and Bajaj Allianz Life Insurance Company were also buyers in the bulk deals where Promoters Asha Ashok Boob and Ashok Ramnarayan BOOB collected more than 1.9 crore shares.

Due to the Government Pension Fund Global, Norges Bank bought these shares at a price of RS 1,077.68 each, which is a discount of almost 9% over the Wednesday associated price of RS 1,180.80 on the NSE.

Nippon India MF, who praised 31.15 Lakh shares on RS 1,075.20 per share, was the largest buyer at RS 335 Crore. In the meantime, SBI MF took 27.52 Lakh shares for RS 296 Crore. Bajaj Allianz bought 8lakh shares and published RS 86 Crore.

The Clean Science shares finished the session by 2.8% decrease in RS 1,147.80.

The 1.9 crore shares of promoters are almost 20% interest in the company.


Also read: Apollo Hospitals Promoters to sell the importance worth RS 1,395 crore in Blok Deal: report

Clean science sharing prize history

In the past year, the shares of clean science and technology have fallen by 24.46%, while the performance of the year-to-date (YTD) has shown a decrease of 23.36%. The share has fallen by 9.52%in the last six months, in the past three months it has gone 6.75%and 10.53%has fallen in the last month alone.

About clean science and technology

Recorded in 2003, clean science and technology is one of the leading chemical manufacturers worldwide. The company produces functionally critical special chemicals, including performance chemicals (Mehq, BHA, AP), pharmaceutical intermediates (Guaiacol, DCC) and FMCG chemicals (4-map, anisole).

(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)

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