BNP Paribas bets ₹30 crore on Bansal Wire in block deal

Invesco Mutual Fund

Invesco Mutual Fund, through its Invesco India Contra Fund, has acquired 2,093,917 shares of Bansal Wire Industries Limited for ₹64.70 crore in a block deal. The transaction, executed at ₹309.00 per share, aligns with the fund's contrarian, value-oriented strategy of investing in fundamentally sound companies that may be temporarily out of favor. Bansal Wire, a specialty wire manufacturer with a market cap of ₹4,929 crore, is India's second-largest steel wire producer and the largest in stainless steel wire by volume.

Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Mutual Fund, a major player in India's asset management, has acquired 2,61,420 shares of Emcure Pharmaceuticals for ₹47.50 crore in a block deal on June 25, 2026. This move aligns with CIO Mahesh Patil's investment philosophy of seeking high-quality businesses with strong growth prospects at reasonable valuations. Emcure, a global pharmaceutical manufacturer with a diversified portfolio in various therapeutic areas and a growing international presence, fits the profile of a company poised for sustained growth, which is a key focus for the fund house. This transaction follows earlier institutional activity in Emcure, including a significant stake sale by BC Investments IV to Kotak Mahindra Mutual Fund in June 2026, indicating continued institutional interest in the pharmaceutical sector.

BNP Paribas

BNP Paribas has acquired 970,874 shares of Bansal Wire Industries Limited through a block deal valued at ₹30 crore. The French global banking giant, which manages significant FPI activity in India, bought the specialty wire manufacturer's shares at ₹309.00 each. Bansal Wire, with a market capitalization of ₹4,929 crore, specializes in diverse wire varieties for industrial and commercial applications and is recognized as a leading Indian steel wire manufacturer, ranking second by volume overall and largest in stainless steel wire by volume.

Rama Investment COmpany Private Limited

Dalmia Bharat's promoter, Rama Investment Company Private Limited, has increased its stake in the cement major by acquiring 12,90,773 shares. This acquisition, part of an amalgamation scheme, boosts Rama Investment's holding from 94,51,790 to 1,07,42,563 shares, or 5.04% to 5.73%. The move signals confidence from the founding family in Dalmia Bharat, a key player in India's infrastructure and construction growth.

Karnika Industries promoters

Promoters of Karnika Industries, specializing in children's apparel, have significantly increased their stake, acquiring 2,47,930 shares via preferential issue. This purchase, valued at ₹3.17 crore at a share price of ₹127.95, reinforces promoter confidence in the company's growth trajectory within the focused children's clothing market.