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Economic Times
2 days ago
- Business
- Economic Times
LIC's tiny block deal in Rs 5 crore Modella Woollens. Check deal size
LIC sold 4,809 shares of Modella Woollens in a small block deal worth Rs 2.74 lakh. The deal marks a marginal reduction in its 16.75% holding in the micro-cap company primarily engaged in trading synthetic fabrics. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads State-run insurer Life Insurance Corporation of India (LIC) has sold 4,809 shares via a block deal in Modella Woollens , a company with a market capitalisation of Rs 5 crore on the BSE. The PSU company sold these shares at a price of Rs 57 per share, taking the deal size to just Rs 274, stock today closed at Rs 57, gaining by Rs 1.75 per share or 3.17% over the Wednesday closing price of Rs held 1,52,451 equity shares in the company as on March 31, 2025 which represented 16.75% company is promoted by Sunder Suvidha LLP which has a 45.83% stake accounting for 4,17,098 shares. Sandeep P Shah is the promoter who holds 0.33% stake accounting for 3,024 equity Woollens is primarily engaged in trading in synthetic suiting and furnishing/plastic materials. They also used to manufacture shoddy yarn (used for woolen fabrics) and undertake commission combing of wool and synthetic fibers, but their wool combing unit was sold in 1993, and they seem to have shifted primarily to trading activities since stock has been an underperformer and its share price has fallen 5% in 2025, so far. Over a 1-year period, the losses are to the tune of 13% according to Trendlyne data. In contrast, the Nifty has gained 7% in the same company reported Q4FY25 standalone losses at Rs 4.87 lakh versus a loss of Rs 6.1 lakh in Q3FY25 and Rs 3.52 lakh in Q4FY25. The total revenue in the quarter under review stood at Rs 1.44 lakh versus Rs 1.62 lakh in the year ago Read: Advait Energy block deal: Vijay Kedia buys stake worth Rs 17 crore in smallcap counter
Time of India
2 days ago
- Business
- Time of India
LIC's tiny block deal in Rs 5 crore Modella Woollens. Check deal size
State-run insurer Life Insurance Corporation of India (LIC) has sold 4,809 shares via a block deal in Modella Woollens , a company with a market capitalisation of Rs 5 crore on the BSE. The PSU company sold these shares at a price of Rs 57 per share, taking the deal size to just Rs 274,113. The stock today closed at Rs 57, gaining by Rs 1.75 per share or 3.17% over the Wednesday closing price of Rs 55.25. LIC held 1,52,451 equity shares in the company as on March 31, 2025 which represented 16.75% stake. The company is promoted by Sunder Suvidha LLP which has a 45.83% stake accounting for 4,17,098 shares. Sandeep P Shah is the promoter who holds 0.33% stake accounting for 3,024 equity shares. Modella Woollens is primarily engaged in trading in synthetic suiting and furnishing/plastic materials. They also used to manufacture shoddy yarn (used for woolen fabrics) and undertake commission combing of wool and synthetic fibers, but their wool combing unit was sold in 1993, and they seem to have shifted primarily to trading activities since 2010-11. The stock has been an underperformer and its share price has fallen 5% in 2025, so far. Over a 1-year period, the losses are to the tune of 13% according to Trendlyne data. In contrast, the Nifty has gained 7% in the same period. The company reported Q4FY25 standalone losses at Rs 4.87 lakh versus a loss of Rs 6.1 lakh in Q3FY25 and Rs 3.52 lakh in Q4FY25. The total revenue in the quarter under review stood at Rs 1.44 lakh versus Rs 1.62 lakh in the year ago period. Also Read: Advait Energy block deal: Vijay Kedia buys stake worth Rs 17 crore in smallcap counter
