Axis Mutual Fund, Citigroup Global Markets Mauritius, ICICI Prudential Life Insurance Co., Mahindra Manulife Mutual Fund, Tata AIA Life Insurance Co. and Goldman Sachs acquired Amber Enterprises India Ltd. shares via open market deals on Friday.
Axis Mutual Fund bought a 0.39% stake for Rs 80 crore, while Tata AIA Life Insurance picked up 0.22% equity for Rs 45 crore, as per block deal data on the National Stock Exchange.
ICICI Prudential Life Insurance acquired shares representing a 0.14% stake for Rs 30 crore, whereas Goldman Sachs and Citigroup Global Markets Mauritius bought a 0.04% stake for Rs 10 crore each.
Mahindra Manulife Mutual Fund acquired shares representing a 0.16% stake for Rs 34 crore in Amber Enterprises shares
Public shareholder Ascent Investment Holdings offloaded 3.45 lakh shares or 1.02% equity for Rs 210 crore. The shares were transacted at an average price of Rs 6,075 apiece.
As of September, Ascent Investment Holdings held a 4.27% stake in Amber Enterprises India.
Shares of Amber Enterprises India closed 0.32% higher at Rs 6,115.35 apiece on the BSE, compared to a 1.49% decline in the benchmark Sensex.
Out of the 27 analysts tracking the company, 17 have a 'buy' rating on the stock, eight recommend 'hold' and two suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 12.7%.
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