Four entities, including foreign funds have bought shares in infrastructure firm IVRCL worth over Rs 41 crore through open market transactions. Foreign fund house Merrill Lynch Capital Market Espana has purchased shares worth Rs 23.2 crore in the company. Of which, the firm has bought 29.08 lakh shares at an average price Rs 47.45 apiece while, it acquired another 20 lakh shares for an average price of Rs 47.09 apiece.
Another foreign fund house BNP Paribas Arbitrage has bought shares worth Rs7.36 crore in the company. It purchased 15.88 lakh shares for an average price of Rs 46.40. Meanwhile, foreign fund house Societe Generale has purchased 22.20 lakh scrips of IVRCL for an average price of Rs 46.2 valuing the deal at Rs 10.25 crore. Besides, Pashupati Capital Services has bought 1.60 lakh shares of the company at Rs 46.62 apiece for deal worth Rs 74.83 lakh.
Recently, Essel Group sold an additional 1.5% stake in the infrastructure firm IVRCL for a little over Rs 20 crore. Subhash Chandra-led Essel group’s entity Asian Satellite Broadcast offloaded yet another 45.50 lakh shares of IVRCL at Rs 45.46 a share amounting to Rs 20.68 crore on the National Stock Exchange (NSE).
IVRCL is engaged into engineering procurement and construction (EPC) activities in India. It conducts operations in 5 sectors namely Water and Environment, Transportation, Buildings, Power and Industrial Structures.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: