Ashish Kacholia reduces stake in Carysil Limited
What happened
Ashish Kacholia held 7.73 lakh shares, representing a 2.72% stake, in Carysil Limited at the end of the quarter. This is a reduction from the 10 lakh shares, or 3.52% stake, held at the end of the April-June quarter, based on Carysil’s shareholding pattern filed with the NSE. The company’s share price had previously rallied 75% from its January low to a 52-week high of Rs 1,281 in July, before declining over 22% since then.
From indiatimes.com
Why it matters
The filing details a change in the stake held by a prominent investor, Ashish Kacholia, who publicly holds stocks worth over Rs 2,986 crore. This move occurs while Carysil Limited’s stock has recently declined over 3% in a week and 14% in a month.
From indiatimes.com
Who's involved
- AshishInvestor whose shareholding in Carysil Limited was reported
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The entities involved
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Ashish
Indian businessperson (born 1984, child of Veer Pal Singh)