India, Sept. 23 -- Amid the ongoing bull run of ArisInfra Solutions, investment firm and existing investor NeoMile Capital purchased 29.4 Lakh equity shares of the company via open market transactions between September 18 and 22. With this, NeoMile Capital's shareholding in the company increased to 5.13% from 1.51% earlier.

Taking an average price of INR 162.92 over the aforementioned time period, NeoMile Capital purchased the shares for about INR 47.9 Cr. The shares were acquired via NeoMile Corporate Advisory, NeoMile Growth Fund - Series I, and NeoMile Capital MD Kirtan Rupareliya.

Notably, NeoMile Growth Fund - Series I held 14.2 Lakh shares, or 1.75% stake, of ArisInfra at the end of the June quarter.

The investment firm increased...