Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
Budget 2023
Budget 2023

Bulk Deals | British International Investment exits Rainbow Children's Medicare; Sequoia Capital offloads stake in Go Fashion

Rainbow Children's Medicare shares sold by British International Investment were worth Rs 1,078.48 crore. The stock corrected nearly 2 percent on December 5.

December 05, 2022 / 08:46 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

The UK's British International Investment Plc has exited healthcare company Rainbow Children's Medicare by selling entire shares via open market transactions on December 5.

CDC India Opportunities, owned by British International Investment Plc, sold 50.33 lakh shares at an average price of Rs 735 per share, and CDC Group PLC, which is now known as British International Investment Plc, offloaded 96.32 lakh shares at an average price of Rs 735.55 per share, as per bulk deals data available with exchanges.

Total shares sold by British International Investment Plc were worth Rs 1,078.48 crore. The stock corrected nearly 2 percent on December 5.

However, five investors participated in the block deal and bought shares worth Rs 571 crore of Rainbow Children's Medicare.