UAE-Based Investment Company Sells Rs 176-Crore Stake In Vijaya Diagnostic Centre

Al Mehwar Commercial Investments LLC trimmed its stake worth Rs 176 crore in Vijaya Diagnostic Centre Ltd.

The UAE-based investment company offloaded 2.19% stake at Rs 783 per share through open market transactions on Tuesday, according to the bulk deal data from the BSE.

As of March, the foreign portfolio investor held 2.99% stake in the company.

Shares of the company were purchased by Kotak Mahindra Asset Management Co., according to bulk deal data on the BSE.

Kotak Mahindra AMC bought 18 lakh shares at Rs 783 apiece, acquiring 1.75% stake in the company.

The company's net profit was at Rs 30.51 crore and revenue was at Rs 141.05 crore in the quarter-ended March 2024.

Shares of Vijaya Diagnostic rose over 4.39% to trade at Rs 782.50 apiece, as compared to a 0.46% rise in the NSE Nifty 50.