Nippon India MF and Theleme India Master Fund Increase Stake in Sudarshan Chemical; ADIA Exits M & B Engineering
Detailed Analysis
Sudarshan Chemical Industries Sees Sharp Rise in Share Price Following Equity Stake Acquisition
On April 16, Nippon India Asset Management and Theleme India Master Fund acquired an additional 2.26 percent equity stake in Sudarshan Chemical Industries, a leading provider of pigments and color solutions, through open market transactions.
The deal has seemingly had a positive impact on Sudarshan Chemical shares, which soared by 7.74 percent to Rs 878.6 on the National Stock Exchange, forming a long bullish candle on the daily charts after breaking out of more than a month of consolidation.
Nippon India Mutual Fund Acquires 1.76 Percent Stake in Sudarshan Chemical
Nippon India Mutual Fund acquired 13.82 lakh shares in the company for Rs 111.95 crore, acquiring a 1.76 percent stake in Sudarshan Chemical. Theleme India Master Fund also picked up 4 lakh shares for Rs 32.4 crore, securing a 0.5 percent stake in the company. Their buying price was Rs 810 per share.
Promoters Offload 3 Percent Stake in Sudarshan Chemical
In a separate development, the promoters of Sudarshan Chemical, Rahul Pradeep Rathi Pradeep Ramwilas Rathi, and Anuj Narayandas Rathi, offloaded 3 percent stake in the company for Rs 191.09 crore. Rahul Pradeep Rathi sold 7.86 lakh shares in the company at Rs 810.73 per share, Pradeep Ramwilas Rathi sold the same number of shares at Rs 810.05 per share, and Anuj Narayandas Rathi sold the same number of shares at Rs 810 per share.
As of December 2025, the promoters held 3.85 percent, 4.36 percent, and 6.93 percent shares in Sudarshan Chemical, respectively.
Zee Entertainment Enterprises Falls 3.05 Percent Following Stake Sale
Zee Entertainment Enterprises was also in focus, falling 3.05 percent to Rs 80.2, possibly due to a stake sale by Vanguard. Vanguard Group-managed Vanguard International Value Fund sold 49.58 lakh shares in the company at Rs 80.36 per share, valued at Rs 39.84 crore. Vanguard Group through three funds held 5.01 percent stake in Zee as of December 2025.
| Company | Stake Sold | Price per Share | Value (in Crore) | | --- | --- | --- | --- | | Zee Entertainment Enterprises | 0.51 percent | Rs 80.36 | Rs 39.84 |
M & B Engineering Sees Brisk Action
The brisk action was also seen in M & B Engineering, the turnkey PEB & roofing solutions provider, which rose 1.74 percent to Rs 327. Abu Dhabi Investment Authority exited M & B Engineering by selling entire 12.91 lakh shares at Rs 324.5 per share, amounting to Rs 41.91 crore. However, 360 ONE Asset Management was the buyer for most of those shares, picking up 12.66 lakh shares for Rs 41.09 crore.
HCP Investments Pares Stake in Ind-Swift Laboratories
HCP Investments pared 1.12 percent stake in Ind-Swift Laboratories on Thursday, selling 8.65 percent shares held as of February 24, 2026. The foreign investors sold 4.77 lakh shares in Ind-Swift at Rs 143.58 per share, valued at Rs 6.86 crore, and 5 lakh shares at Rs 137.95 per share, amounting to Rs 6.9 crore.
Despite the stake sale by HCP, Ind-Swift Labs shares gained 0.94 percent to close at Rs 145.41 on the National Stock Exchange.
Investor Takeaway
Investors should be aware of the increased stake in Sudarshan Chemical Industries by Nippon India India Asset Management and Theleme India Master Fund.
