Bulk deal : Vanguard Group and Griffin Growth Fund VCC Strategic Investment in Nexus Select Trust

Read about the recent strategic investment made by Vanguard Group and Griffin Growth Fund VCC in Nexus Select Trust through a bulk deal. Find out the details of the 0.7 percent stake acquisition and average price paid on August 14.

8/14/20242 min read

In recent market activity, significant bulk deals have made headlines, highlighting strategic investments by influential entities. The Vanguard Group has acquired a notable stake in Nexus Select Trust, while Griffin Growth Fund VCC has purchased shares in Kiri Industries Limited.

The Vanguard Group, one of the world's largest investment management companies, has recently bought a 0.7% stake bought 1.14 crore units for an average price of Rs 138.42 via a bulk deal on August 14 in Nexus Select Trust. This acquisition reflects Vanguard's continuous efforts to diversify its portfolio and invest in promising entities. Nexus Select Trust has been recognized for its robust performance and potential for growth, making it an attractive addition for discerning investors. The decision to acquire a stake underscores Vanguard's confidence in the trust's long-term prospects.

Morgan Stanley Asia (Singapore) Pte - ODI sold 78.41 lakh units or a 0.52 percent stake in Nexus Select Trust for an average price of Rs 138.33. It bought 3003 units in Nexus Select Trust for an average price of Rs 137.85.

Another significant bulk deal in the market involves Griffin Growth Fund VCC. This substantial investment firm has acquired 7.26 lakh shares in Kiri Industries Limited, purchasing them at an average price of Rs 334.1 per share. Kiri Industries Limited, known for its strong foothold in the chemical manufacturing sector, has shown resilient growth and profitability. Griffin Growth Fund's acquisition signals optimism towards Kiri Industries' future performance and industry standing.

Legends Global Opportunities (Singapore) Pte Ltd bought 2.28 lakh shares in NDL Ventures Limited for an average price of Rs 97.87. New Leaina Investments Limited sold 2.28 lakh shares in NDL Ventures Limited for an average price of Rs 97.87.

The acquisition by the Vanguard Group and Griffin Growth Fund VCC has broader implications for the market. Such bulk deals often indicate a positive sentiment towards the entities involved. For retail and institutional investors alike, these investments can serve as a confidence booster, potentially driving further interest and investment in Nexus Select Trust and Kiri Industries Limited. Moreover, these deals highlight the importance of strategic diversification and investment in promising sectors.

In summary, the recent bulk deals involving the Vanguard Group's stake in Nexus Select Trust and Griffin Growth Fund VCC's purchase of Kiri Industries Limited shares underscore significant investment trends. These acquisitions reflect a strategic approach by prominent investment firms to diversify their portfolios and capitalize on high-potential growth opportunities. As the market responds to these moves, investors and analysts will undoubtedly be keenly observing the performance and trajectory of these entities.

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