Small-Cap Stock Surges 5% Despite Stake Sale by Ashish Kacholia
Radiowalla Network's stock price hit the upper circuit limit after Ashish Kacholia's Bengal Finance sold its stake. Amritaanshu Agrawal's acquisition adds to the intrigue.
Editorial Staff
1 min read
Updated 1 day ago
In a surprising turn of events, Radiowalla Network's stock reached its 5% upper circuit limit following the sale of a 2.04% stake by Bengal Finance, which is backed by investor Ashish Kacholia.
The sale was countered by a bulk acquisition of a 2.08% stake by Amritaanshu Agrawal, indicating strong interest in the company despite the stake divestment.
Radiowalla Network is known for its innovative in-store radio services, which may be contributing to its stock's resilience in the market.