Motilal Oswal MF Buys Bharat Forge's Shares Worth Nearly Rs 378 Crore

Motilal Oswal Mutual Fund (MF) on Monday bought shares of forging and precision engineering firm Bharat Forge worth nearly Rs 378 crore through an open market transaction.

According to the bulk deal available on the NSE, Motilal Oswal MF purchased nearly 32 lakh equity shares, or 0.65% stake, in Pune-based Bharat Forge.

The shares were acquired at an average price of Rs 1,217.32 apiece, taking the transaction value to Rs 377.73 crore.

Details of the sellers of Bharat Forge's shares could not be ascertained on the National Stock Exchange (NSE).

Shares of Bharat Forge rose 0.94% to close at Rs 1,192.20 apiece on the NSE.

In a separate bulk deal on the NSE, Singapore-headquartered Amansa Capital purchased 12.82 lakh shares or 0.97% stake in speciality chemicals maker Aether Industries for Rs 94 crore through an open market transaction.

The transaction was valued at around Rs 94.27 crore and was executed at a price of Rs 735 apiece.

Meanwhile, Goldman Sachs India Equity Portfolio, an affiliate of Goldman Sachs Asset Management, offloaded 11.51 lakh shares or 0.87% in Aether Industries at an average price of Rs 735.01 per share.

Details of the other sellers of Aether Industries' shares could not be identified on the exchange.

On Monday, Aether Industries shares rose 1.42% to settle at Rs 745.10 apiece on the NSE.