Data Patterns soars 8% after shares worth Rs 1,100 crore change hands
A foreign entity was the seller and the stake was bought by a clutch of foreign and domestic institutional buyers, CNBC-tV18 reported citing sources.
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A foreign entity was the seller and the stake was bought by a clutch of foreign and domestic institutional buyers, CNBC-tV18 reported citing sources.
Data Patterns stock climbed 9.69% to Rs 2,035.15 on the BSE. Trading volumes also spiked to 61 lakh shares, higher than the one-month daily traded average of 1 lakh shares.
The domestic equity market was trading higher on Friday. Sensex rose 336 points to 72,387 and Nifty added 107 pts to 22,018. Here's a look at stocks in focus today.
Florintree Capital Partners, led by Mathew Cyriac, has exited its investment in Data Patterns (India) Ltd, selling its entire 10.71% stake worth about Rs 1,100 crore. The company has also received investments from Singapore's GIC, Mirae Mutual fund, HDFC Mutual Fund, and Kotak Mahindra Mutual Fund. Data Patterns, a defence and aerospace electronics solutions provider, has seen a 21x return in less than three years.
The NSE Nifty index closed 129.96 points up at 22040.7