BlackRock Unit Buys Shares Worth Rs 3.59bn Across Three Firms
POWER & RENEWABLE ENERGY

BlackRock Unit Buys Shares Worth Rs 3.59bn Across Three Firms

Global asset manager BlackRock’s affiliate, iShares Core MSCI Emerging Markets ETF, on Monday purchased shares of ACC, Acutaas Chemicals and TD Power Systems worth a combined Rs 3.59 billion through open market transactions.

According to NSE bulk-deal data, the ETF acquired 9.82 million shares of ACC, 9.68 million shares of TD Power Systems and 5.3 million shares of Acutaas Chemicals. The shares were bought at average prices of Rs 1,911.86 for ACC, Rs 1,852.12 for Acutaas Chemicals and Rs 759.08 for TD Power Systems. iShares, a global leader in Exchange Traded Funds with more than 1,600 funds, is part of BlackRock.

Details of the sellers were not disclosed by the exchange. On Monday, Acutaas Chemicals’ shares rose 10.18 per cent to close at Rs 1,875, ACC gained 5.46 per cent to finish at Rs 1,930 and TD Power Systems advanced 6.25 per cent to end at Rs 770.10 on the NSE.

In two separate bulk deals, the ETF offloaded 17.83 million shares of Rain Industries and sold 12.63 million shares of Orient Electric for a total of Rs 397 million via open market transactions. The disposals took place within a price range of Rs 106.13 to Rs 164.45 per share. Details of the buyers were not available. Shares of Orient Electric fell 12.95 per cent to close at Rs 158.50, while Rain Industries declined 3.82 per cent to end at Rs 108.

Global asset manager BlackRock’s affiliate, iShares Core MSCI Emerging Markets ETF, on Monday purchased shares of ACC, Acutaas Chemicals and TD Power Systems worth a combined Rs 3.59 billion through open market transactions. According to NSE bulk-deal data, the ETF acquired 9.82 million shares of ACC, 9.68 million shares of TD Power Systems and 5.3 million shares of Acutaas Chemicals. The shares were bought at average prices of Rs 1,911.86 for ACC, Rs 1,852.12 for Acutaas Chemicals and Rs 759.08 for TD Power Systems. iShares, a global leader in Exchange Traded Funds with more than 1,600 funds, is part of BlackRock. Details of the sellers were not disclosed by the exchange. On Monday, Acutaas Chemicals’ shares rose 10.18 per cent to close at Rs 1,875, ACC gained 5.46 per cent to finish at Rs 1,930 and TD Power Systems advanced 6.25 per cent to end at Rs 770.10 on the NSE. In two separate bulk deals, the ETF offloaded 17.83 million shares of Rain Industries and sold 12.63 million shares of Orient Electric for a total of Rs 397 million via open market transactions. The disposals took place within a price range of Rs 106.13 to Rs 164.45 per share. Details of the buyers were not available. Shares of Orient Electric fell 12.95 per cent to close at Rs 158.50, while Rain Industries declined 3.82 per cent to end at Rs 108.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code