Afcons Infrastructure Bulk Deal activity gained traction as prominent funds like Goldman Sachs, Jupiter India, and Nomura invested heavily in the recently listed stock on November 4, 2024. These purchases reflect strong demand and rising investor confidence, affirming Afcons Infrastructure Ltd.’s position in the infrastructure sector.
On November 5, Afcons Infrastructure shares traded at ₹480.05 on the NSE, up 1.23%, showcasing continued investor interest following its IPO. Notably, several major institutional players acquired large share blocks, showing robust foreign and domestic confidence in Afcons’ future performance and sector potential.
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Key bulk deal transactions included Goldman Sachs India Equity Portfolio acquiring 25,29,066 shares at ₹443.65 per share, Jupiter India Fund purchasing 25,23,168 shares at ₹446.70, and Nomura Funds Ireland securing 18,44,133 shares at ₹453.40. Additionally, Nomura India Investment Fund Mother Fund bought 31,00,000 shares at ₹453.40, highlighting the widespread institutional appeal.
Afcons Infrastructure’s IPO marked the first in Samvat 2081 and garnered substantial attention within the infrastructure and construction industry. The company’s governance reputation also stands out; Executive Vice Chairman Subramanian Krishnamurthy emphasised Afcons’ dedication to corporate governance, maintained diligently over 17 years, well before its public listing.
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This commitment to strong governance and transparency further strengthens Afcons’ appeal to institutional investors. Krishnamurthy expressed confidence in Afcons’ practices, stating they would reassure investors of the company’s operational excellence and dedication to high standards.
The bulk deals underscore Afcons Infrastructure’s attractiveness for long-term investment, backed by its strategic role in infrastructure projects and a clear focus on governance. These transactions indicate sustained confidence in Afcons’ growth trajectory and commitment to delivering on its corporate promises.
