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Clear Science bulk deal: Norges Financial institution picks Rs 158 crore stake. Nippon, SBI MF amongst consumers

by Vegas Valley News
August 21, 2025
in Business
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Clear Science bulk deal: Norges Financial institution picks Rs 158 crore stake. Nippon, SBI MF amongst consumers
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Norway-based Norges Financial institution purchased over 14.62 lakh shares price Rs 158 crore in Clear Science and Expertise through block deal on Thursday. Nippon India Mutual Fund, SBI Mutual Fund and Bajaj Allianz Life Insurance coverage Firm have been additionally consumers within the bulk offers the place promoters Asha Ashok Boob and Ashok Ramnarayan Boob collectively offered over 1.9 crore shares.

Norges Financial institution on Account of The Authorities Pension Fund International purchased these shares at a worth of Rs 1,077.68 apiece, which is a close to 9% low cost over the Wednesday closing worth of Rs 1,180.80 on the NSE.

Nippon India MF which lapped 31.15 lakh shares at Rs 1,075.20 per share, was the most important purchaser at Rs 335 crore. In the meantime, SBI MF took 27.52 lakh shares for Rs 296 crore. Bajaj Allianz purchased 8lakh shares, spending Rs 86 crore.

The Clear Science shares ended the session with 2.8% decline at Rs 1,147.80.

Promoters’ 1.9 crore shares signify shut to twenty% stake within the firm.

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Additionally Learn: Apollo Hospitals promoters to promote stake price Rs 1,395 crore in block deal: Report

Clear Science share worth historical past

Over the previous yr, Clear Science & Expertise shares have declined 24.46%, whereas year-to-date (YTD) efficiency reveals a drop of 23.36%. Within the final six months, the inventory has fallen 9.52%, over the previous three months it has slipped 6.75%, and within the final one month alone, it has dropped 10.53%.

About Clear Science & Expertise

Integrated in 2003, Clear Science and Expertise is without doubt one of the main chemical producers globally. The corporate produces functionally essential specialty chemical compounds, together with Efficiency Chemical compounds (MEHQ, BHA, AP), Pharmaceutical Intermediates (Guaiacol, DCC), and FMCG Chemical compounds (4-MAP, Anisole).

(Disclaimer: Suggestions, recommendations, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Instances)

Tags: amongBankbulkbuyerscleancroredealNipponNorgesPicksSBIsciencestake
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