Norway-based Norges Bank bought over 14.62 lakh shares worth Rs 158 crore in Clean Science and Technology via block deal on Thursday. Nippon India Mutual Fund, SBI Mutual Fund and Bajaj Allianz Life Insurance Company were also buyers in the bulk deals where promoters Asha Ashok Boob and Ashok Ramnarayan Boob together sold over 1.9 crore shares.

Norges Bank on Account of The Government Pension Fund Global bought these shares at a price of Rs 1,077.68 apiece, which is a near 9% discount over the Wednesday closing price of Rs 1,180.80 on the NSE.

Nippon India MF which lapped 31.15 lakh shares at Rs 1,075.20 per share, was the largest buyer at Rs 335 crore. Meanwhile, SBI MF took 27.52 lakh shares for Rs 296 crore. Bajaj Allianz bought 8lakh shares, spending Rs 86 crore.

The Clean Science shares ended the session with 2.8% decline at Rs 1,147.80.

Promoters’ 1.9 crore shares represent close to 20% stake in the company.

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Clean Science share price history

Over the past year, Clean Science & Technology shares have declined 24.46%, while year-to-date (YTD) performance shows a drop of 23.36%. In the last six months, the stock has fallen 9.52%, over the past three months it has slipped 6.75%, and in the last one month alone, it has dropped 10.53%.

About Clean Science & Technology

Incorporated in 2003, Clean Science and Technology is one of the leading chemical manufacturers globally. The company produces functionally critical specialty chemicals, including Performance Chemicals (MEHQ, BHA, AP), Pharmaceutical Intermediates (Guaiacol, DCC), and FMCG Chemicals (4-MAP, Anisole).

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