Smallcap stock hits 20% upper circuit after Madhusudan Kela buys 1.7% stake
SG Finserve shares surged 20% to hit the upper circuit at Rs 432.6 in Tuesday’s trade after veteran investor Madhusudan Murlidhar Kela acquired 9.51 lakh shares, or a 1.7% stake, at Rs 350.01 per share in a bulk deal on the BSE on Monday. Meanwhile, Dinesh Pareekh offloaded 3 lakh shares, representing a 0.53% stake,…
READ MOREArihant Foundations secures Rs 109 cr investment from Madhusudan Kela’s family fund and CaratLane founders
Bengaluru: Chennai-based real estate major Arihant Foundations & Housing Limited has announced a strategic investment of Rs 109 crore through a preferential equity allotment. The investment comes from a cohort of investors, including the Lotus Family Trust, managed by Madhusudan Kela, and CaratLane founders Mithun and Siddhartha Sacheti.With this capital infusion, Arihant Foundations is poised…
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