Plutus Wealth Management bought 2 million shares of Vikram Solar on 26 August. He made this deal in the bulk deal. On August 26, Vikram Solar’s stock was listed on the stock exchange. Plutus Wealth has also bought a small stake in honor capital. This information has been received from NSE data. Plutus Wealth Management signed a deal for Vikram Solar’s shares at a price of Rs 352.33 per share. The total value of this deal at this price is around Rs 70.5 crore.
Vikram Solar shares listed on 26 August
Vikram Solar shares were listed in the stock market with about 2 per cent premium on August 26. The company had allotted stocks to investors at a price of Rs 332 in IPO. The shares were listed at Rs 338. The company’s IPO was opened on 19 August. It closed on 21 August. This issue was subscribed to 54.63 times. This IPO was worth Rs 2,079 crore.
Junomoneta Finsol sold shares after purchasing
Junomoneta Finsol also bought its shares on the day of listing of Vikram Solar shares. It is said that he bought 23.53 lakh shares of the company at an average price of Rs 361.67. However, he sold all shares at a price of average of Rs 361.89 on the day of purchasing. Vikram Solar shares climbed about 6 per cent to close at Rs 357.50 on the listing day. However, during the trading, the price of share rose 13 per cent to Rs 381 at one time.
Plutus Wealth Management also deal with shares of honor capital
Plutus Wealth Management bought the honor capital at the rate of Rs 42.5 lakh shares at the rate of Rs 119.69. The total value of this deal at this price comes around Rs 51 crore. Samman Capital shares closed at Rs 118.29 with a weakness of more than 2 per cent on 26 August.
Plutus wealth about 8 percent stake in honor capital
In April this year, the stock of honor capital reached the lowest level of 52 weeks to Rs 97.61. Since then it has been recovered by 21 percent. However, it is still more than 32 per cent below its 52 -week high of Rs 118.29. Plutus Wealth Management has 6.6 crore shares of Honor Capital. This has about 8 percent stake in the company. This data is of the end of the June quarter.