Cartica Capital has acquired 3.88% stake in agrochemicals company PI Industries for about Rs 320 crore through open market route. The investment firm has bought 5.29 million shares of the company at an average price of Rs 605 per share on the BSE.
However, Citigroup Global Markets Mauritius Private sold 1.6 million shares at Rs 605 and Ironwood Investment Holdings sold 3.7 million shares at Rs 605.01 of the company.
PI Industries focuses on Agri-Input and Custom Synthesis with strength of over 1,400 employees. PI Industries currently operates three formulation and two manufacturing facilities as well as five multi-product plants under its three manufacturing locations across Jammu and Gujarat.
