SBI Mutual Fund buys 3.8% in Vintage Coffee and Beverages
Business
SBI Mutual Fund just picked up a 3.8% stake in Vintage Coffee and Beverages, snapping up over 5.5 million shares on June 11 for nearly ₹860 million.
The deal, done at around ₹153 to ₹158 per share, has put the spotlight back on this major coffee producer and exporter.
Vintage Coffee shares rise 2.7%
Big sellers included L7 Hitech (which fully exited), Sneha Sadhwani (who trimmed her stake to about 3 lakh shares), Thakkar Nileshkumar Farshuram HUF, and Infinite Derivatives LLP.
After the news broke, Vintage Coffee's stock jumped 2.7% to close at ₹160.4.
While its five-year growth was only 15%, the stock has shot up by 34% in the past year, definitely catching more eyes lately.