IIFL Facilities Services, a division of IIFL Capital Services and part of the IIFL Group, recently increased its investment in Avanti Feeds. On Thursday, they acquired additional shares worth Rs 470 crore through an open market transaction. This purchase involved 59.77 lakh shares, representing a 4.4% stake in the company, at an average price of Rs 786 per share.

Avanti Feeds Stake Acquisition

According to data from the National Stock Exchange (NSE), the transaction by IIFL Facilities Services was mirrored by Thai Union Group, which sold an equivalent number of shares at the same price. Thai Union Group is known for producing seafood-based products. Following this transaction, Avanti Feeds’ stock price increased by 0.36%, closing at Rs 788.95 per share on the NSE.

Earlier in the week, on Tuesday, IIFL Facilities Services had already acquired a similar 4.4% stake in Avanti Feeds for Rs 435 crore. This consistent investment highlights their growing interest in the Hyderabad-based company.

Campus Activewear Stake Changes

In another significant transaction on the Bombay Stock Exchange (BSE), Fidelity International expanded its stake in Campus Activewear. Through open market transactions, Fidelity International and its two affiliates purchased an additional 1.64% stake for Rs 129 crore. They acquired 50 lakh shares at an average price of Rs 258.5 each, bringing their total investment to Rs 129.25 crore.

This acquisition increased Fidelity’s holding in Campus Activewear from 1.14% to 2.78%. Meanwhile, Hari Krishan Agarwal, a promoter of Campus Activewear, sold shares at the same price, reducing his stake from 57.52% to 55.88%. Consequently, the combined holding of promoters and promoter group entities decreased from 73.84% to 72.2%.

Following these transactions, Campus Activewear’s stock saw a rise of 2.63%, closing at Rs 267.65 per share on the BSE.

The strategic moves by IIFL Facilities Services and Fidelity International reflect their confidence in Avanti Feeds and Campus Activewear’s potential for growth and profitability in their respective sectors.