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The Economic Times

Business

Ritesh Presswala

Mrs Bectors Food soars 11% after Sunil Singhania's Abakkus acquires 29.4 lakh shares via block deal

Sunil Singhania Mrs Bectors Food Specialities

Shares of Mrs Bectors Food Specialities surged 10.53% to Rs 187.30 during Thursday's trading session after ace investor Sunil Singhania's investment firm, Abakkus Investment Managers Pvt. Ltd., picked up a significant stake in the company through a bulk deal.

According to exchange data, Abakkus Investment Managers Pvt. Ltd. purchased 29,39,588 shares of Mrs Bectors Food on July 15, representing around 0.96% equity in the company. The shares were acquired at an average price of Rs 168.97 apiece, marginally below the previous day's BSE closing price of Rs 169.45.

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