Bulk Deals|Reliance Retail Ventures picks 21% stake in Simply Dial, Lighthouse offloads 4.5% shares in Stylam

Sirius Advisors obtained 5 lakh equity shares in Dive Networks at Rs 11.59 per share on the BSE.

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Dependence Retail Ventures, the subsidiary of Dependence Industries, got 20.97 percent equity stake in regional online search engine Just Dial on July 20.

Reliance Retail Ventures bought 1,30,61,163 equity shares in Simply Dial (or 20.97 percent of overall paid up equity) at Rs 1,020 per share on the BSE, the bulk deals data showed.Promoter Venkatachalam Sthanu Subra Mani was the seller in this deal, selling very same number of shares at a very same price.On July 16, Reliance Retail Ventures announced acquisition of managing stake in Just Dial for Rs 3,497 crore. It will hold 40.95%stake in Just Dial and made an open offer to obtain upto 26 percent.Among other offers, Sirius Advisors got 5 lakh equity shares in Jump Networks at Rs 11.59 per share on the BSE.Sixth Sense India Opportunities III got 7 lakh equity shares in Stylam Industries at Rs 861.42 per share, whereas Lighthouse Emerging India Investors offered 7.6 lakh equity shares in the business(or 4.48 percent of paid up equity)at Rs 861.23 per share on the BSE.Lighthouse Emerging India Financiers held 10.03 percent shareholding in Stylam Industries as of June 2021. Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Dependence Industries is the sole beneficiary. Moneycontrol News