Mohnish Pabrai's funds buy 2.7% stake in KRBL

MUMBAI: US-based investor Mohnish Pabrai's funds bought 64.18 lakh shares or 2.73% stake in rice exporter KRBL, bulk deal data on the BSE showed.

The data showed that The Pabrai Investment Fund II LP bought 24 lakh shares of KRBL and The Pabrai Investment Fund IV LP bought 40.18 lakh shares of KRBL at Rs 594 per share.

The data also showed that Saudi Arabia-based Balsharaf Group's Abdullah Ali Obeid Balsharaf and Omar Ali Obeid Baksharaf sold 32.50 lakh shares each (2.76% stake in total) at Rs 594 per share.


BSE shareholding pattern data showed Abdullah Ali Obeid Balsharaf and Omar Ali Obeid Baksharaf held 75 lakh shares each or total 6.38% stake in KRBL at the end of December.

KRBL has caught the fancy of other large investors as well. Investor Anil Kumar Goel and his wife Seema Goel held 5.05% stake in KRBL at the end of December. Shares of KRBL ended up 1.51% at Rs 599.30 on Monday. The stock has gained close to 57% in the last one year.