HDFC Mutual Fund purchased 937,000 shares of the multi-specialty hospital chain Jupiter Life Line Hospitals, representing a 1.43% stake, with the total transaction value amounting to 139 crore rupees.
According to block deal data on the BSE, HDFC Mutual Fund acquired these shares through open market operations. Following the completion of this deal, Jupiter Life Line Hospitals shares rose by 2.53 percent on Thursday, trading at a price of 1,537.60 rupees per share.
As per the document, HDFC Mutual Fund bought 937,000 ordinary shares in two tranches, thereby acquiring a 1.43% stake in Jupiter Life Line Hospitals Ltd (JLHL), based in Mumbai. The deal was executed on Wednesday at an average price of 1,483.50 rupees per share, resulting in a total transaction value of 139 crore rupees.
Simultaneously, two public shareholders of JLHL—Arvind Rao Kamini and Mitul Nitin Thakker—sold an equal number of shares at the same price, according to BSE data.
In a separate large transaction on the BSE, Nippon India Mutual Fund (MF) acquired 5 lakh shares of logistics company TCI Express from HDFC MF through open market operations. These shares were bought at an average price of 562 rupees per unit, totaling a deal worth over 28 crore rupees.
After the latest transaction, TCI Express shares showed a rise of more than 8 percent, reaching a price of 607.75 rupees on Thursday.
The Board of Directors of Bangalore-based Brigade Enterprises has approved a plan to raise approximately 1500 crore Indian rupees through the private placement of unsecured debt instruments (NCDs) in one or more tranches.
Furthermore, the company intends to raise an additional 180 crore rupees by issuing 34.23 million convertible warrants for the promoter group, subject to shareholder approval. The company will seek shareholder consent for these proposals at its 31st Annual General Meeting (AGM), scheduled for August 13.
The Board of Directors approved the issuance of convertible warrants for the promoter group's structures at a price of 526 rupees per unit. These warrants have a face value of 10 rupees and a premium of 516 rupees per share. At the time of publication, the company's shares closed on BSE at 560.20 rupees.
Each warrant can be converted into one ordinary share with the option to exercise the conversion within 18 months from the date of allotment, complying with the regulatory requirements of the Securities and Exchange Board of India (Sebi).
It was previously noted that Brigade's real estate business registered preliminary sales worth 6.13 million square feet (msf), equivalent to a value of 7,424 crore rupees. This segment generated revenue of 4,002 crore rupees, which is 11% higher compared to the same period last year (Y-o-Y).
Brigade's total revenue for the fiscal year 2026 increased by 11.2% year-on-year, reaching 5,909 crore rupees. However, the EBITDA margin slightly decreased by 1% year-on-year, amounting to 1,638 crore rupees. Meanwhile, the company's net profit after tax (PAT) grew by 6.6% year-on-year, reaching 725 crore rupees.
In addition, Brigade Enterprises is expanding its portfolio of residential and commercial real estate across South India. Over the past year, the company has accelerated business development through several land acquisitions and joint development agreements. The company's projects are located in Bangalore, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City, covering residential, office, retail, hospitality, and educational sectors.
