Nippon India boosts Esab India stake, SBI MF pares holdings in market moves

• Nippon India Mutual Fund acquired an additional 2.7% stake in Esab India via open market transactions on February 19.
• Nippon India purchased 4.11 lakh shares (2.67% equity) in Esab for Rs 226.1 crore at Rs 5,500 per share.
• SBI Mutual Fund offloaded 4.11 lakh shares in Esab for Rs 226.07 crore at the same price.
• Religare Enterprises fell for the seventh consecutive session, with D S Trust selling a 0.5% stake.
• Ratnaveer Precision Engineering saw a gap-up opening but closed 2.54% higher, with Craft Emerging Market Fund PCC and Citadel Capital Fund selling shares, while Arihant Capital Markets acquired more.