Shares of Galaxy Surfactants Ltd soared more than 8% on 2 April after ICICI Prudential Mutual Fund acquired an additional stake in the company via a block deal.
ICICI Prudential Mutual Fund purchased 2,97,500 shares on 1 April 2025 for Rs 2,092 per share, according to NSE Bulk Deal data. As of December 2024, ICICI Prudential Mutual Fund owned 1.02% of the company in accordance with the BSE shareholding structure.
Furthermore, Nippon Life India held 2.25% of the shares in public mutual funds, followed by Kotak Mutual Fund with 3.88% and Axis Mutual Fund with 4.38%.
Unnathan Shekhar and Shashikant Rayappa Shanbhag, the company’s promoters, held the biggest interests of any individual promoter, with 11.92 and 11.52%, respectively. Individuals and Hindu undivided families held 41.69% of Galaxy Surfactants.
Galaxy Surfactants is a leading company in the surfactant and speciality care ingredient market, catering to the personal care and home industries. The corporation has six cutting-edge facilities, including four production facilities in India, one in Egypt, and one in the US, according to its official website.
Galaxy Surfactants produces a variety of speciality chemicals and surfactants, including cationic, amphoteric, nonionic, and anionic surfactants. These are used in the manufacturing of personal care products such as shampoos, conditioners, lotions, and cleansers, as well as cleaning materials for the home and workplace.
At 12:50 pm, the shares of Galaxy Surfactants were trading 8.23% higher at Rs 2,264 on NSE.
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