Zerodha Broking Cuts Stake In This Mukul Agrawal-Backed Small Cap Stock

Zerodha Broking offloaded a considerable stake in Delta Corp on Tuesday. As per exchange data, the firm sold 25.49 lakh shares of the company through a bulk deal.

The sale was executed on the NSE at an average price of ₹182.12. The total cost of the deal was ₹46.43 crore. The sale was followed by Societe Generale picking up a 0.88% stake in the casino company. The European financial services company bought 23.42 lakh shares of the company through a bulk deal at an average price of ₹182.

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Societe Generale already held a 1.43% stake in the gaming company. It picked up the stake during the June quarter. The company also counts ace investor Mukul Agrawal as an investor. As per June filings, Agrawal picked up an additional 3 lakh shares of the company during the June quarter raising his stake to 1.23%.

Price Action: Delta Corp’s share price was down 0.59% to trade at ₹185 in the early hours of trading on Wednesday.

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Posted In: EquitiesMarketsDelta CorpSociete GeneraleZerodha Broking