ASM Technologies fund raise backed by SBI funds, Derive Trading and Asha Mukul Agrawal; stock reaches record high
Author: CNBC-TV18 Markets·
Key Takeaways
- •ASM Technologies issued shares on a preferential basis to four investors, all of whom are non-promoters of the company.
- •SBI Mutual Fund, through its various schemes, holds the largest disclosed stake at 5.25% following the issuance.
- •SBI Emergent India Fund, a scheme of SBI Alternate Equity Fund, and Derive Trading and Resorts Pvt Ltd each acquired a 0.65% stake in the company.
- •Individual investor Asha Mukul Agrawal received a 0.33% stake through the preferential allotment.
- •The four investors' combined disclosed holdings total 6.88% of ASM Technologies, whose stock reached a record high.
ASM Technologies has issued shares on a preferential basis to SBI Mutual Fund through its various schemes, SBI Emergent India Fund, a scheme of SBI Alternate Equity Fund, Derive Trading and Resorts Pvt Ltd, and Asha Mukul Agrawal. All four investors are non-promoters of the company.
The disclosed holdings are:
- SBI Mutual Fund through its various schemes: 5.25%
- SBI Emergent India Fund, a scheme of SBI Alternate Equity Fund: 0.65%
- Derive Trading and Resorts Pvt Ltd: 0.65%
- Asha Mukul Agrawal: 0.33%
Together, the four disclosed holdings account for 6.88% of ASM Technologies. The company’s stock was at a record high.
Source: CNBC-TV18 Markets
