Carnelian Asset Management, HDFC Asset Management Company (HDFC AMC) and Larsen & Toubro (L&T) collectively acquired a 2.9 percent stake in alternative investment management platform EAAA India Alternatives through open-market transactions on November 2, its first day of trading on the stock exchanges following its IPO. EAAA India Alternatives shares gained 3.77 percent to close at Rs 1,727.80 on the National Stock Exchange (NSE).