Elgi Equipments shares gain 5% after bulk deal by SBI Mutual Fund
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Shares of Elgi Equipments rose nearly 5% on Wednesday, trading around Rs 560. The stock’s upward movement followed a significant bulk deal and a routine regulatory disclosure by the company. On July 8, 2025, SBI Mutual Fund acquired 1,812,760 shares of Elgi Equipments through a bulk deal at a price of Rs 532 per share, indicating strong institutional interest in the stock. In addition to the bulk transaction, the company submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This regulation mandates confirmation of securities dematerialised during the quarter. According to the filing, Elgi Equipments confirmed that all securities received for dematerialisation for the quarter ended June 30, 2025, were processed by its Registrar and Share Transfer Agent, MUFG Intime India Pvt Ltd. The securities were either accepted or rejected by the depositories, and relevant u...