Infrastructure firm IVRCL Limited witnessed good amount of activity in the bulk deals section this week. Australia-based Macquarie Bank along with a few Indian brokerages bought shares worth Rs. 25 crores in the firm on Feb 22 2012 and Feb 24 2012. Macquarie already holds shares worth Rs. 24 crores in IVRCL, which after this would now increase to Rs. 32 crores.
The Australian bank was a big buyer in ABG Shipyard too. On Feb 24 2012, Macquarie added shares worth Rs. 12.40 crores in the company at an average price of Rs. 423/-
On Feb 23 2012, Kotak Mahindra bought 6 lac shares worth Rs. 9.60 crores in APL Apollo Tubes (formerly Bihar Tubes), a manufacturer of steel pipes. APL Apollo Tubes, which was a small player a few years back, has been growing fast; the company shot into limelight after it acquired Mumbai-based Lloyd Line Pipes in 2010.
UK-based hedge fund Spinakker continued to cut its stake in Sanghi Industries, selling shares worth Rs. 9.90 crores this week. With this, Spinakker has now sold a total of Rs. 27 crores worth shares in the cement company. A recent filing on the BSE states that Motilal Oswal has increased its stake in Sanghi to 15.78%, as a result of share pledge.
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