BofA Securities buys stake in this small-cap stock below ₹100

BofA Securities shareholding

As per the BSE bulkl deal details available on the BSE website, BofA Securities Europe SA bought 3,07,654 Thinkink Picturez shares paying ₹78.84 per share. This means, BofA Securities Europe SA made an investment of ₹2,42,55,441.36 or say over ₹2.42 crore.

Likewise, leading institutional investor in Europe, Societe Generali bought 3,00,837 company shares paying ₹78.65 apiece. This means, the UK-based FII made an investment of ₹2,36,60,830 or say over ₹2.36 crore.

Some other bulk deals also took place in Thinkink Picturez Ltd. Sunflower Broking Private Limited bought 3 lakh Thinkink Picturez shares paying ₹78.52 per share. The brokerage bought these shares in a bulk deal executed on 29th February 2024. This means, not just FIIS, doomestic investors are also looking at the small-cap stock. The domestic investor invested ₹2,35,56,000 in this small-cap stock, which has been in news these days for expanding footprints in the international market.

Thinkink Picturez expansion news

On Wednesday this week, the small-cap company declared expanding footprints in global merchandise saying, “In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are thrilled to announce a significant milestone in the growth trajectory of Thinkink Picturez Limited. We have successfully expanded our international footprint through the acquisition of a dynamic entity in Dubai, named “Think Star Entertainment Technology LLC,” which will operate as a wholly-owned subsidiary.”

This strategic move is aligned with our vision to diversify and enhance our offerings in the global entertainment landscape. Think Star Entertainment Technology LLC will specialize in a broad spectrum of services, including VFX creation, content production on contract, studio and equipment renting services. This expansion not only strengthens our capabilities in the burgeoning field of visual effects but also positions us as a versatile content creator catering to a global audience.

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Published: 01 Mar 2024, 02:31 PM IST