According to the bulk deal data available with the exchanges, Kacholia has sold about 1.94 lakh shares in the company or 0.54% stake.
As of March quarter, the investor had held about 2.11% in the company. D-link India is majority promoter owned with 51% stake, while public shareholders have the rest 48.9% stake.
Ashish Kacholia, famously known as Big Whale of Dalal Street, publicly holds 42 stocks with a net worth of over Rs 2,036 crore.
The renowned investor has investments in stocks with a varied portfolio that includes hospitality, education, infra, and manufacturing stocks, as per exchange filings.
Some of the marquee names in his portfolio include Vaibhav Global, Arvind Fashions, Stover Kraft, Gravita India among others.
During the March quarter, Kacholia has added Aditya Vision, Inflame Appliances, Virtuoso Optoelectronics and Venus Pipes, to his portfolio and raised stakes in Faze Three, Garware Hi-Tech.D-Link designs and develops networking and connectivity products for consumers, small businesses, and service providers. D-Link (India) is a part of D-Link corporation and one of the largest networking companies in India. The company is engaged in marketing and distribution of networking products.
On Thursday, D-Link India stock closed 1.05% lower at Rs 226.85 apiece on NSE. The company’s shares have doubled investors’ wealth in the last one year period. On a year-to-date basis, the shares have offered muted returns of negative 1.3%.
During the March quarter, D-link India’s consolidated net profit nearly doubled to 20.19 crore from Rs 11.7 crore in the year-ago period.
Revenue from operations, in the same period, stood at Rs 311 crore as against Rs 272 crore in the corresponding quarter of last year.
During the March quarter, D-link India’s consolidated net profit nearly doubled to 20.19 crore from Rs 11.7 crore in the year-ago period.
Revenue from operations, in the same period, stood at Rs 311 crore as against Rs 272 crore in the corresponding quarter of last year.