KKR, Ontario sell 16.67% stake in Vertis Infrastructure Trust for Rs 2,468 crore

Bulk, Block Deals on September 2

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26 Aug, 2025 12:21

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Global investment firms KKR, and Ontario sold 16.67 percent stake in Vertis Infrastructure Trust, the investor in road infrastructure projects, for Rs 2,467.7 crore via open market transactions on September 2.

Galaxy Investments II, the sponsor owned by KKR Asia Pacific Infrastructure Holdings, sold 20.48 crore units (13.56 percent stake) in the infrastructure investment trust at Rs 98.01 per unit, valued at Rs 2,007.2 crore.

2452991 Ontario, owned by the Canadian entity Ontario Teachers' Pension Plan Board, offloaded 4.69 crore units (3.11 percent) in the InvIT a Rs 98.02 per unit, amounting to Rs 460.4 crore.

Galaxy Investments II held 27.85 percent stake and Ontario had 25 percent shareholding in Vertis Infrastructure Trust as per the recent unitholding pattern.

ICICI Prudential MF, Max Life Insurance Company, Whiteoak Capital Mutual Fund, LGT Wealth India, Ambit Wealth, Neo Wealth Partners, Dezerv Investments, MVS Ventures, LTIMindtree, 360 ONE Prime, L&T Technology Services, Kotak Mahindra Life Insurance Company, Larsen & Toubro, Tata AIG General Insurance Company, and Pico Capital were among the 37 buyers who acquired a 16.67% stake in Vertis Infrastructure Trust.

The action was also seen in Bajaj Hindusthan Sugar, which rallied 4.38 percent to Rs 21.21 despite stake sale by BHL Securities Trust. BHL Securities Trust sold 1.58 crore shares (1.23 percent stake) in the sugar company at Rs 21.83 per share, valued at Rs 34.49 crore.

Jayakumar Narayanswami, Nirad D Mehta, Pankaj I Jain (as trustees of BHL Securities Trust) had held 2.43 percent stake in Bajaj Hindusthan Sugar as of June 2025.

BofA Securities Europe SA sold 4,10,023 shares in Laxmi India Finance, the non-banking finance company, at Rs 140 per share. The stock soared 5.81 percent to Rs 139.71.

Net Avenue Technologies was also in focus, declining 3.61 percent. Somani Ventures and Innovations bought 1.36 lakh shares in the company at Rs 4.1 per share, however, Inventus Capital Partners (Mauritius) sold 2.72 lakh shares at Rs 4.01 per share.

As of June 2025, Inventus Capital Partners (Mauritius) had owned 10.12 per stake in Net Avenue.

Persistent Growth Fund Varsu India Growth Story Scheme 1 sold 74,000 shares in TSC India at Rs 70 per share, valued at Rs 51.8 lakh. Despite this, the stock was up 2.19 percent to Rs 69.9.