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    IIFL Capital Services Acquires Additional Stake of Avanti Feeds for Rs 470 Cr

    IIFL Capital Services Acquires Additional Stake of Avanti Feeds for Rs 470 Cr


    Finance Outlook India Team | Friday, 07 March 2025

    IIFL Facilities Services purchased additional Avanti Feeds shares for Rs 470 crore in an open market transaction.

    A division of IIFL Capital Services, IIFL Facilities Services is a part of the IIFL Group.

    The National Stock Exchange (NSE) has block deal data that shows IIFL Facilities Services purchased 59.77 lakh shares, or 4.4% of Avanti Feeds.

    The total transaction value was Rs 469.82 crore, with the shares being bought at an average price of Rs 786 each.

    Thailand's Thai Union Group sold a comparable quantity of shares at the same price, per NSE data.

    The shares of Avanti Feeds closed at Rs 788.95 on the NSE, up 0.36 percent.

    For Rs 435 crore on Tuesday, IIFL Facilities Services purchased a 4.4% share in Avanti Feeds, a company based in Hyderabad.

    Thai Union Group produces seafood-based products.

    Fidelity International paid Rs 129 crore in open market transactions to acquire an extra 1.64 percent stake in Campus Activewear in a different block deal on the BSE.

    At an average price of Rs 258.5 per share, Fidelity International acquired 50 lakh shares through its two affiliates, for a total of Rs 129.25 crore.

    The purchase of a stake in Campus Activewear increased Fidelity's ownership from 1.14 percent to 2.78 percent.

    Meanwhile, Hari Krishan Agarwal, the promoter of athleisure company Campus Activewear, sold the shares for the same price.

    As a result of the stake sale, Agarwal's holding in Campus has decreased from 57.52 percent to 55.88 percent. Furthermore, the combined stake of promoters and promoter group entities has decreased to 72.2% from 73.84 percent.



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