Invesco Mutual Fund picks up 3.5% stake in Sahajanand Medical; Yali Capital exits Tonbo Imaging India

Invesco Mutual Fund purchased 8 lakh shares of Sahajanand Medical at Rs 374.91 apiece and another 28.07 lakh shares at Rs 371.44 apiece. The transactions represented a 3.5 percent stake in the company's paid-up equity capital, valued at approximately Rs 134.3 crore. Headquartered in Gujarat, Sahajanand Medical Technologies specialises in vascular and structural heart interventions. Its product portfolio includes coronary stents, coronary balloons, transcatheter aortic valve implantation (TAVI) devices, occluders, renal stents and peripheral drug-coated balloons.

Yali Capital exits Tonbo Imaging India; HDFC MF, Bajaj Life Insurance and Buoyant Capital buy shares Trading activity was also significant in newly listed Tonbo Imaging India, a manufacturer of defence electronics equipment. The stock made a strong debut on Friday, surging 62 percent to close at Rs 1,133.80 against its issue price of Rs 700 per share. HDFC Mutual Fund purchased 5 lakh shares of Tonbo Imaging at Rs 1,154.64 apiece and another 5 lakh shares at Rs 1,200 apiece.

The transactions represented a 1.74 percent stake in the company's paid-up equity capital, valued at Rs 117.73 crore. Bajaj Life Insurance also purchased 9 lakh shares, equivalent to a 1.57 percent stake, for Rs 102.14 crore at Rs 1,134.96 per share. Meanwhile, Buoyant Capital acquired 5.54 lakh shares, representing a 0.96 percent stake, for Rs 62.34 crore at Rs 1,124.43 apiece. On the other hand, Yali Capital, through Yali Deeptech Fund I, exited Tonbo Imaging by selling its entire holding of 24 lakh shares.

The sale represented a 4.18 percent stake in the company's paid-up equity capital and was valued at Rs 256.61 crore, at a price of Rs 1,069.22 per share. Yali Deeptech Fund I is associated with venture capital investors Ganapathy "Gani" Subramaniam, former CEO of Cosmic Circuits, and Mathew Cyriac, Executive Chairman of Florintree and a former Blackstone Group executive. Ajay Bagga buys 0.57% stake in Purple Agrotech Industries

Ajay Bagga acquired 50,000 equity shares, equivalent to 0.57 percent of paid-up equity, in Purple Agrotech Industries, an agri-commodities trader, for Rs 3.42 lakh at Rs 6.84 per share. Hathi Darshak Sanmukhrai picked up 73,500 shares at same price, valued at Rs 5.02 lakh.