Madhusudan Kela’s Singularity Equity Fund I buys 5.27 lakh TIL shares in Rs 11.78 crore block deal
AI Market Summary
Singularity Equity Fund I bought ~0.53m shares of India small-cap equipment maker TIL via a block deal at ~15% discount to the prior close, alongside sizable selling by other holders. The mixed signal—credible institutional buying but discounted execution and heavy supply—coincides with deteriorating fundamentals, including a sharp EBITDA margin contraction and a swing to quarterly loss. Market impact should remain localized.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+1.25%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Singularity Equity Fund I, managed by investor Madhusudan Kela, bought more than 5 lakh shares of material handling equipment maker TIL in a bulk deal worth Rs 12 crore. The shares were purchased at about a 15% discount to the market price. TIL slipped 2.2% in the next session, after sharp moves recently across weekly and monthly timeframes. The company’s latest quarterly EBITDA margin fell to 9.5% from 21.47% a year earlier.
