India's Data Patterns jumps after major mutual funds buy stake

Data Patterns (India)

19/02/2024 05:29

BENGALURU, Feb 19 (Reuters) -    ** Shares of Data
Patterns  DATP.NS  rise 5.9% to 2,138.45 rupees 
    ** Government of Singapore, Kotak Mahindra Mutual Fund,
Mirae Asset Mutual Fund and Mathrew Cyriac buy 5.62%, 0.81%,
1.27% and 1.22% stake, respectively, in the Defense and
aerospace electronics company, via bulk deals at a price of
1,837 rupees per share, on Friday
    ** Private equity investment firm Florintree Capital
Partners, which held a 10.71% stake at the end of December
quarter, exits the company offloading its entire stake
    ** DATP shares have jumped 15% in 2024 so far
    ** Trading volume is at 652,216 shares as of 10:50 a.m. IST,
second most active session in five months - LSEG data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))