Kempas Trade and Investment disclosed that it has bought 68,99,300 shares of AEL constituting 0.61 per cent of its equity between August 21 and 22, while 1,66,00,000 equity shares (0.46 per cent) were added by Infinite Trade between August 30 and September 7.
IDFC First Bank: Cloverdell Investment sold more than 27.86 crore shares on BSE via block deal, amounting to a 4.2 per cent stake in IDFC First Bank. The shares were disposed at Rs 89 apiece, taking the transaction value to Rs 2,480 crore.
NRI investor Rajiv Jain s GQG Partners shot to the limelight earlier this year after it made contra bets in Adani Group stocks at a time when the conglomerate was marred by corporate governance allegations.
Meanwhile, Mauritius-based Cloverdell Investment has sold 4.2% stake in the company. As of the June quarter, Cloverdell held about 7.12% stake in IDFC First Bank.