Scaling up

Biyanis buy stock worth ₹21 crore in Praxis Home Retail

After its debut on the stock market on January 31, Praxis Home Retail’s stock price has fallen from the high of Rs.315 to Rs.256 on April 17 on BSE. As the stock continues to plunge, Avni Biyani and Sangita Biyani’s Surplus Finvest acquired 10.91 lakh shares worth Rs.21 crore on April 12. The promoters currently own 47% with Surplus Finvest's share going up from 4.96% to 9.32% after the recent acquisition. Prior to this, Surplus Finvest had bought 12 lakh shares worth Rs.21.79 crore on March 28.