Dixon Technologies (India) has divested its 1.14% stake in Aditya Infotech through open market transactions worth around Rs 581.65 crore. Dixon Technologies has offloaded around 14.05 lakh shares of the company at an average price of Rs 4,140.00 apiece.
Meanwhile, Motilal Oswal Mutual Fund and Kotak Mahindra Mutual Fund have bought the shares sold by Dixon at the same price. Motilal Oswal Mutual Fund has acquired around 8.43 lakh shares for around Rs 348.99 crore, while Kotak Mahindra Mutual Fund bought around 5.62 lakh shares for around Rs 232.66 crore.
Aditya Infotech offers a comprehensive range of advanced video security and surveillance products, technologies and solutions for enterprise and consumer segments under its ‘CP PLUS’ brand which has strong recall value.