SAIF III Mauritius, and SAIF Partners have offloaded nearly 2 percent equity stake in One 97 Communications, the parent company of Paytm, via open market transactions, while promoter sold 9.5 percent shares in Mphasis, the IT services company on November 18.
Paytm shares corrected 2.8 percent to Rs 1,295.5, while Mphasis shares dropped 1.12 percent to close at Rs 2,658.5 on the NSE.
SAIF III Mauritius Company sold 83.7 lakh shares in Paytm at Rs 1,305 per share for Rs 1,092.3 crore, and SAIF Partners India IV 35.53 lakh shares at same price for Rs 463.7 crore, which is equivalent to 1.86 percent of paid-up equity.
However, Societe Generale acquired 32.44 lakh shares (half a percent stake) in Paytm at same price, valued at Rs 423.4 crore.
As of September 2025, SAIF III Mauritius Company was holding 10.76 percent stake in Paytm, and SAIF Partners 4.57 percent shares, while the shareholding of Societe Generale - ODI was 1.98 percent.
Meanwhile, BCP TOPCO IX, a part of the Blackstone Group, sold 1.8 crore equity shares (9.46 percent stake) in Mphasis at Rs 2,625.59 per share, amounting to Rs 4,726.06 crore.
BCP TOPCO IX held 40.10 percent stake in the company as of September 2025. Considering the above stake sale, its shareholding reduced to 30.64 percent now.
Of which, Kotak Mahindra Mutual Fund picked up 21.58 lakh shares in Mphasis at Rs 2,625 per share for Rs 566.5 crore, and ICICI Prudential Mutual Fund bought 36.59 lakh shares at same price for Rs 960.7 crore, while HDFC Mutual Fund purchased 12.57 lakh shares at same price, amounting to Rs 330 crore. All of them made additional buying in the stock.
Kotak Mahindra Mutual Fund already has 7.46 percent stake in Mphasis, ICICI Prudential Mutual Fund 1.99 percent, and HDFC Mutual Fund 3.48 percent as of September 2025.
The major action was also seen in Emcure Pharmaceuticals, which shares closed 2.41 percent down at Rs 1,360.5 on the NSE after a 2.4 percent stake sold by Bain Capital.
BC Investments IV, an affiliate of the US-based private equity firm Bain Capital, which held 6.3 percent stake as of September this year, sold 23 lakh shares in Emcure at Rs 1,326.03 per share for Rs 304.98 crore, and another 23 lakh shares at Rs 1,326.11 per share, valued at Rs 305 crore.
Electronics manufacturer Kaynes Technology India was also under severe selling pressure, declining 5.58 percent to Rs 5,889 after a 1.2 percent stake worth Rs 489.7 crore offloaded by Motilal Oswal Mutual Fund.
The fund sold 3.52 lakh shares in Kaynes at Rs 5,960.05 per share for Rs 210.2 crore, and 4.64 lakh shares at Rs 6,011.82 per share for Rs 279.47 crore.
The brisk action was also seen in Akzo Nobel India, rising 1.61 percent to Rs 3,381.7 on the NSE. HDFC Mutual Fund bought additional 3 lakh shares in the paint company at Rs 3,320 per share for Rs 99.6 crore, however, WF Asian Smaller Companies Fund exited Akzo by selling entire 5.28 lakh shares at same price for Rs 175.46 crore.
HDFC Mutual Fund already held 2.68 percent stake in Akzo Nobel India as of September 2025.
Canara HSBC Life Insurance Company shares were also in focus, falling 0.89 percent to Rs 119.37. Societe Generale acquired 8.7 lakh shares in the insurance company at Rs 120.44 per share for Rs 10.47 crore, from Marshall Wace Investment Strategies - Eureka Fund.
BlackBuck, the digital trucking platform, also saw exchange of 2 percent shares between promoters and investors. The stock price settled Tuesday's trade at Rs 689.45, up 0.92 percent.
Promoters - Ramasubramanian Balasubramaniam, Rajesh Kumar Naidu Yabaji, and Chanakya Hridaya - sold 36 lakh shares in BlackBuck at Rs 676.4 per share, valued at Rs 243.5 crore, to several global and domestic institutional investors.
TIMF Holdings picked 3.69 lakh shares in BlackBuck at same price for Rs 25 crore, Societe Generale 1.48 lakh shares for Rs 10.05 crore, Public Sector Pension Investment Board 2.36 lakh shares for Rs 16 crore.
Further, Morgan Stanley Asia Singapore Pte acquired 2.05 lakh shares in BlackBuck for Rs 13.91 crore, Goldman Sachs Bank Europe SE 1.48 lakh shares for Rs 10.05 crore, and Discovery Global Opportunity Mauritius 13 lakh shares for Rs 87.93 crore.
Citigroup Global Markets Mauritius purchased 2.97 lakh shares in BlackBuck for Rs 20.1 crore, while Bandhan Mutual Fund acquired 3.96 lakh shares for Rs 26.81 crore, 360 ONE Asset Management 2.66 lakh shares for Rs 18 crore, and Motilal Oswal Financial Services 2.31 lakh shares for Rs 15.64 crore.
Meanwhile, Athena Enhanced Equity Fund sold 15.99 lakh units in Anantam Highways Trust at Rs 102.02 per unit, amounting to Rs 16.32 crore.
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