The Jubilant Bhartia Group has a strong presence in diverse sectors like pharmaceuticals, contract research and development services, proprietary novel drugs, life science ingredients, agri products, performance polymers, food service (QSR), food, auto, consulting in aerospace and oilfield services.
Jubilant Bhartia Group has four flagship companies- Jubilant Pharmova Limited, Jubilant Ingrevia Limited, Jubilant FoodWorks Limited and Jubilant Industries Limited.
Here are the three Jubilant Group stocks that have witnessed promoters stake sale via a bulk/block deal on 13th June:
Jubilant Pharmova Limited
With a market cap of Rs. 18,016.3 crores, the stock moved up by nearly 4.3 percent on BSE, rising to Rs. 1,141 on Monday. According to bulk deal data on the NSE, Jubilant Enpro Private Limited — part of the company’s Promoter Group — exited its position by selling 21.16 lakh shares at an average price of Rs. 1,060 per share. Additionally, Nikita Resources sold around 19.62 lakh shares at an average price of Rs. 1,060.37 per share. Together, these sales amounted to a 2.56 percent stake in the company, valued at approximately Rs. 432.4 crore.
Based on the most recent shareholding data on the BSE, Nikita Resources previously held a 2.2 percent stake in Jubilant Pharmova. Despite the promoter sell-off, institutional interest remained strong. Kotak Funds – India Midcap Fund picked up about 15.93 lakh shares, while Kotak Mahindra Mutual Fund acquired nearly 16.93 lakh shares, both at an average price of Rs. 1,060 per share.
Jubilant FoodWorks Limited
With a market cap of Rs. 45,305 crores, the stock moved down by nearly 1 percent on BSE, falling to Rs. 674.2 on Monday. Promoter Jubilant Consumer Private Limited offloaded 1.06 crore shares in Jubilant Foodworks, representing a 1.61 percent stake, at an average price of Rs. 662 per share, amounting to a total transaction value of Rs. 701.72 crore.
As per the latest shareholding pattern on BSE, Jubilant Consumer held a 41.94 percent stake in Jubilant Foodworks before the deal. A host of institutional investors picked up the stake, including Societe Generale, Morgan Stanley Asia Singapore Pte, Kotak Mahindra MF, UTI MF, Teachers Retirement System of the State of Illinois, Mirae Asset MF, Invesco MF, ICICI Prudential Life Insurance Company, HSBC MF, Grandeur Peak, Ghisallo Master Fund, AIMCO, Bajaj Allianz Life Insurance Company, Bandhan MF, BNP Paribas Financial Markets, and Canara HSBC Life Insurance Company.
Jubilant Ingrevia Limited
With a market cap of Rs. 12,248.7 crores, the stock moved down by nearly 5 percent on BSE, falling to Rs. 755 on Monday. Promoter entities Shyam Sunder Bhartia Family Trust, Nikita Resources, and Jubilant Enpro sold a total of around 98.65 lakh shares in the company, a 6.18 percent stake, at an average price of Rs. 676 per share, bringing the total deal to Rs. 666.9 crore.
As per the latest shareholding pattern on BSE, Nikita Resources held a 2.2 percent stake, while Jubilant Enpro fully exited its 1.77 percent stake in the company. These shares were bought by several institutional investors – Societe Generale, Morgan Stanley Asia Singapore Pte, Kotak Mahindra MF, ICICI Prudential Life Insurance Company, HDFC MF, Bandhan MF, and Axis MF.
Written by Shivani Singh
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