New Delhi, June 10 -- Small-cap stock Shankara Building Products saw a sharp rise in investor interest after ace investor Madhu Kela's fund acquired a significant stake through block deals.

In a notable transaction on June 9, Singularity Equity Fund I, backed by renowned investor Madhu Kela, acquired 4.6 lakh shares of Shankara Building Products at Rs.926.1 per share via block deals for a total of Rs.42.6 crore. The company, a leading organised retailer of home improvement and building products in India, operates under the brand name "Shankara Buildpro".

The acquisition came alongside a major stake sale by the company's promoter and Managing Director, Sukumar Srinivas, who offloaded a 7.8 percent stake through open market transactions, ...