{
  "id": 10913197,
  "title": "Kotak MF, Abakkus lead ₹830-cr buying in Axiscades stake sale; stock jumps over 7%",
  "url": "https://urgent.news/2026/09/30/kotak-mf-abakkus-lead-830-cr-buying-in-axiscades-stake-sale-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T09:50:44.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/kotak-mf-abakkus-lead-830-cr-buying-in-axiscades-stake-sale-stock-jumps-over-7/article71527344.ece"
  },
  "original_language": "en",
  "account": "Domestic investors, including Kotak Mahindra Mutual Fund and Abakkus, collectively increased their holdings in Axiscades Technologies by acquiring 10.7% of the company's stake on sale by promoter Jupiter Capital. The transaction, executed on Tuesday at an average price of ₹1,824 per share, valued the deal at ₹829.72 crore. Following the deal, Axiscades Technologies shares surged 7.48% on Wednesday, trading at ₹2,222 apiece. Jupiter Capital, one of the promoters, sold over 45.48 lakh shares, which constituted a 10.69% stake in the company. The company's shareholding fell below the 50% mark, dropping from 58.03% to 47.34%. Kotak Mahindra Mutual Fund emerged as the largest buyer, acquiring over 20.83 lakh shares, or nearly 5% of Axiscades, for ₹380 crore. Abakkus, led by Sunil Singhania, was the second-largest buyer, acquiring 12.88 lakh shares, or 3.03% of the company, for ₹235 crore. Other buyers included Bharat Biotech-backed Skegen Asset Management LLP and investor Vanaja Sundar. All buyers purchased the shares at the same price of ₹1,824. In a separate deal, Motilal Oswal Mutual Fund purchased 1.04 lakh shares of Centum Electronics for over ₹51.52 crore on NSE. However, the shares of Centum Electronics fell nearly 3% to ₹4,788.60 apiece on the exchange.",
  "summary": "All the buyers acquired the shares at the same price of ₹1,824 apiece",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}