Netherlands-based promoter Sagility B V has offloaded 16.4 percent equity stake in Sagility that provides technology-enabled business solutions and services to clients in the US healthcare industry, via open market transactions on November 14.
Despite this big stake sale, Sagility shares rallied 5.6 percent to Rs 53.28 with above-average volumes, witnessing a strong breakout after consolidation seen in the past couple of weeks.
Sagility B V sold 76.9 crore equity shares (equivalent to 16.4 percent of paid-up equity) at Rs 47.6 per share, valued at Rs 3,660.44 crore.
As of September 2025, promoter held 67.38 percent stake in Sagility, which now reduced to around 51 percent.
However, global and domestic institutional investors were buyers for some portion of the stake sold by promoter at same price in Sagility. Portfolio management company Unifi Capital and its Unifi Blend Fund 2 were the largest buyer amongst them, acquiring 22.05 crore shares (4.71 percent stake) at same price, valued at Rs 1,049.65 crore.
ICICI Prudential Mutual Fund bought 3.13 crore shares in Sagility for Rs 149.39 crore, while Societe Generale picked up 8.48 crore shares for Rs 403.75 crore.
Further, Norges Bank on account of the Government Pension Fund Global purchased 3.71 crore shares amounting to Rs 176.59 crore, and Morgan Stanley Asia Singapore acquired 2.76 crore shares for Rs 131.47 crore.
Meanwhile, Rain Industries was also in action, falling 2.44 percent to Rs 116.87, and extending downtrend for eighth consecutive session. First Water Fund, owned by First Water Capital Advisors, bought additional 26 lakh shares (0.77 percent stake) in the calcined petroleum coke, coal tar pitch and other specialty chemicals producer at Rs 120 per share for Rs 31.2 crore.
Haresh Tikamdas Kaswani, and K2 Family Private Trust were the sellers in this block deal, offloading 12 lakh shares for Rs 14.4 crore and 14 lakh shares for Rs 16.8 crore, respectively, in Rain Industries.
The brisk action was also seen in Shaily Engineering Plastics, the injection moulded precision plastic components maker, which ended at new closing high of Rs 2,622.8, up 0.47 percent. Promoters - Amit Mahendra Sanghvi, and Laxman Sanghvi sold 1.5 lakh shares (0.32 percent stake) at Rs 2,585.1 per share for Rs 38.77 crore.
Morgan Stanley IFSC Fund, SI Investments Broking, and Motilal Oswal MF picked the said 0.32 percent stake in Shaily from promoters.
The small block deal was also seen in Pine Labs, the fintech company, which surged 13.52 percent to Rs 250.89 on its market debut today. Morgan Stanley Asia (Singapore) picked up 14.09 lakh shares (0.1 percent stake) in the company at Rs 257.5 per share for Rs 36.28 crore from UBS AG.
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