SBI Funds Management Acquires 2% Stake in ADF Foods, ICICI Prudential Mutual Fund Expands Holdings in Pfizer

SBI Funds Management Acquires 2% Stake in ADF Foods

On April 24, SBI Funds Management acquired a 2 percent equity stake in ADF Foods, a food processing company offering condiments, pastes, ready-to-cook, and ready-to-eat products, through open market transactions. The acquisition may have contributed to the company's shares rising 4.44 percent to Rs 260.15 on the National Stock Exchange, amid high volumes.

In the current month, ADF Foods shares have been one of the biggest gainers, registering a massive 55.6 percent rally, the biggest ever monthly gains, and forming a long bullish candle on the monthly timeframe. SBI Funds Management acquired 13 lakh shares in ADF Foods at Rs 259.98 per share and 9 lakh shares at Rs 260 per share, totaling a 2 percent stake worth Rs 57.19 crore.

Market Action in Other Stocks

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Meanwhile, Pfizer, the biopharmaceutical company, fell 0.42 percent to Rs 4,700 amid high volumes on the BSE. ICICI Prudential Mutual Fund through its Discovery Fund acquired 4 lakh shares in Pfizer (0.87 percent stake) for Rs 188 crore at Rs 4,700 per share. However, Goldman Sachs Funds through Goldman Sachs India Equity Portfolio sold 4.26 lakh shares (0.93 percent stake) for Rs 200.25 crore at Rs 4,700.01 per share.

ICICI Prudential Mutual Fund already held a 2.16 percent stake in Pfizer as per the shareholding pattern of March 2026. Nippon India Mutual Fund has bought additional 12.85 lakh shares (0.6 percent stake) in consumer electric brand Orient Electric for Rs 23.9 crore at Rs 185.96 per share. Nippon Life India Trustee via Nippon India SMA already held a 5.49 percent stake in Orient Electric as of March 2026.

Other Transactions

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The action was also seen in VA Tech Wabag, whose shares rose nearly 2 percent to Rs 1,493.3 on the National Stock Exchange. BlackRock-managed iShares Global Water UCITS ETF has bought additional 4.92 lakh shares (0.79 percent) stake in the company for Rs 73.47 crore at Rs 1,491.53 per share. iShares II Public Limited Company through iShares Global Water UCITS ETF held a 1.21 percent stake in VA Tech Wabag, the Chennai-based water and wastewater management solutions provider, as of March 2026.

Brookfield India Real Estate Trust REIT has seen an exchange of a small stake on Friday. Dezerv Investments has bought 7.73 units (0.1 percent stake) in the REIT from Nuvama Wealth Finance for Rs 25.09 crore. The transaction price was Rs 324.21 per share.

South West Pinnacle Exploration shares saw selling pressure on Friday, falling 8.29 percent to Rs 221.89 on the National Stock Exchange, may be partially due to stake sale by the alternative investment fund. Rational Equity Flagship Fund I, the category III alternative investment fund managed by Rational Asset Management, sold 1.54 lakh shares (0.51 percent stake) in South West Pinnacle for Rs 3.42 crore at Rs 222.45 per share.

Shakti Sewa Funds LVF has bought 1.36 lakh shares in Airfloa Rail Technology at Rs 322.5 per share for Rs 4.38 crore. However, Anil Yadav sold 1.56 lakh shares at Rs 321.28 per share, valued at Rs 5.01 crore.