quant mutual fund Sageone Investment Managers to buy 6 lakh shares in Divgi TorqTransfer Systems – Business News India

read on the appShares of automotive component maker Divgi TorqTransfer Systems were listed at ₹620 on Tuesday. The company's shares were listed at a premium to its issue price of

₹590. Shares of Divgi TorqTransfer Systems surged over 3% for the second day in a row to ₹633 per share on BSE in today's early trading session. Its market cap has grown to

₹1,880 crore. On the share listing day, Quant Mutual Fund (MF) and Season Investment Managers picked up stake in the company, while Morgan Stanley Asia (Singapore) sold,

according to Block Deal data. who bought how many sharesQuant MF bought 2,63,951 equity shares of Divgi TorqTransfer at an average price of ₹588.8 per share on Tuesday, NSE Block

deal data showed. Meanwhile, Sageone Investment Managers bought 3,60,571 shares at an average price of ₹597.5. However, Morgan Stanley Asia (Singapore) sold 3,73,611 shares of

the company at an average price of ₹590. Share of ₹ 13 rose by 11%, Mukesh Ambani has bought the company, now increasing dominance Know the details of IPOThe IPO of

Divgi TorqTransfer Systems was subscribed 5.44 times. This IPO was open for investors till 3 March. There was fresh issue of up to ₹180 crore and offer for sale (OFS) of 39.34

lakh equity shares. Its price band was Rs 560-590 per share. It had raised over ₹185 crore from anchor investors before its initial share sale. The company decided to allot 31.43

lakh equity shares to 12 funds at ₹590 per share.