Quant MF Snaps Up 2.6% Stake in Ethos as BofA Boosts Holdings in Kalyan Jewellers

Quant MF Snaps Up 2.6% Stake in Ethos as BofA Boosts Holdings in Kalyan Jewellers​

Quant Mutual Fund has made a significant investment move, acquiring a substantial stake in the luxury watch retailer Ethos. This acquisition comes as Ethos shares saw heavy trading volumes on Friday. The deal highlights investor confidence in the specialized luxury segment.

Quant MF Acquires 2.6% Stake in Ethos​

Quant Mutual Fund successfully purchased 7 lakh shares of Ethos, securing a 2.6 percent stake in the company. This acquisition was executed for ₹175 crore, with the purchase price set at ₹2,500 per share. The stock closed slightly down, falling 1.94 percent to ₹2,477.50 on the National Stock Exchange (NSE).

BofA Boosts Holding in Kalyan Jewellers Amid Market Surge​

BofA Securities Europe SA significantly increased its exposure to the retail jewelry sector. The firm acquired a total of 81.82 lakh shares, constituting a 0.79 percent stake in Kalyan Jewellers India. This open market transaction was completed for ₹385.33 crore at ₹470.95 per share.

Jupiter Fund Exits Ethos Stakeholder Position​

The sale of shares by UK-based Jupiter Fund Management signaled a shift in institutional holdings within the company. Jupiter Global Fund, through its schemes, offloaded a combined stake. The fund sold 2.23 lakh shares worth ₹55.84 crore and an additional 4.99 lakh shares valued at ₹124.8 crore.

Solara Active Pharma Sciences Sees Stake Transaction​

In another noteworthy transaction, TPG Growth IV SF Pte managed the sale of a minority stake in Solara Active Pharma Sciences. The firm sold 3 lakh shares, representing a 0.62 percent stake for ₹17.19 crore at ₹573.20 per share. On Friday, Solara shares closed slightly higher by 0.36 percent at ₹568.90.

Venture Capital Firm Sells Stake in Ortin Global​

Wave Capital, a venture capital firm based in San Francisco, also participated in a corporate action. The fund sold 50,000 shares of pharmaceutical company Ortin Global, accounting for a 0.61 percent stake. This divestment was conducted for ₹8.12 lakh at ₹16.24 per share.

Market Performance Summary and Holdings Update​

Kalyan Jewellers experienced strong trading activity as BofA made its investment. The stock surged 7.5 percent, closing at the NSE at ₹476.15. As of March 2026 records, TPG Growth held a 2.61 percent stake in Solara Active Pharma Sciences. Meanwhile, Wave Capital's prior holding of Ortin Global stood at 1.68 percent as of March 2026.