Big share deals hit the market on Monday, with SBI Mutual Fund selling its stake in Nazara Technologies and the promoter of Honasa Consumer buying a fresh block of shares.
Key share deals on Dec 29‑30
- SBI Mutual Fund sold about 2.4% of Nazara Technologies for over ₹216 crore.
- Promoter Varun Alagh bought ₹50 crore worth of Honasa Consumer shares.
- Capital Group’s Smallcap World Fund sold its stake in Entero Healthcare while ICICI Prudential bought a similar block.
- Investor Vijay Kedia bought a small stake in Mangalam Drugs.
- CK Birla’s promoter bought a large chunk of BirlaNu, pushing the stock up.
Nazara Technologies – SBI’s exit
SBI Mutual Fund off‑loaded 2.4% of its holding in gaming platform Nazara Technologies. The fund sold two blocks: 45.09 lakh shares at ₹240.18 each and 45 lakh shares at ₹240.03 each, totaling more than ₹216 crore. After the sale, Nazara’s stock rose 6.7% to close at ₹253.3 on the NSE, snapping a brief consolidation phase. SBI’s remaining stake in Nazara stands at about 5.78%.
Honasa Consumer – promoter adds ₹50 cr stake
Promoter Varun Alagh increased his holding in digital‑first beauty brand Honasa Consumer (owner of Mamaearth). He bought 18.51 lakh shares – about 0.56% of the company – at ₹270 per share, paying close to ₹50 crore. The shares were purchased from Fireside Ventures Investment Fund I, which held a 1.93% stake as of September 2025. Honasa’s stock jumped 3.18% to ₹277 following the purchase.
Other notable moves
- Entero Healthcare Solutions: Smallcap World Fund sold 22.69 lakh shares (5.2% of equity) at ₹950 each for ₹215.6 crore. ICICI Prudential Mutual Fund bought 21.82 lakh shares (5.01%) at the same price for ₹207.29 crore. The stock closed at a low of ₹949.20, down 0.35%.
- Mangalam Drugs & Organics: Ace investor Vijay Kedia’s Kedia Securities bought 1.37 lakh shares (0.87% stake) at ₹24.15, spending ₹33.27 lakh. The stock hit its 5% upper circuit at ₹24.96.
- BirlaNu (formerly HIL): Promoter Birla Chandrakant acquired 29.28 lakh shares – a 38.83% stake – at ₹1,517.5 per share for ₹444.3 crore. He also bought an additional 79,666 shares at ₹1,569.36 for ₹12.5 crore. Meanwhile, promoter‑group investors sold 67,066 shares at ₹1,575.64 for ₹10.56 crore. The stock surged 11.71% to close at ₹1,695.20 on high volume.
What these moves mean for investors
When large investors or fund houses buy or sell sizable blocks, it often signals their confidence (or lack thereof) in a company’s future. SBI’s exit from Nazara might suggest the fund sees better opportunities elsewhere, yet the stock’s rise shows the market isn’t panicking. Conversely, promoter purchases in Honasa and BirlaNu indicate insiders are willing to put more money into their own businesses, which can be a positive sign for retail investors. Keep an eye on the price trends and any further insider activity before making decisions.
Remember, this is perspective, not prediction. Do your own research and consider your risk tolerance before acting on any of these developments.