TPG Asia, an affiliate of the global private equity firm TPG, exited pharma company Sai Life Sciences by selling its entire remaining 14.72 percent stake for Rs 2,675.6 crore via open market transactions on August 26.
TPG Asia VII SF sold stake via three sets of 1,02,35,611 crore shares each at Rs 871.86 per share, Rs 871.18, and Rs 871.01 per share, respectively, the bulk and block deals data on the exchanges showed. This totalled to 3,07,06,833 shares or 14.72 percent shareholding valued at Rs 2,675.6 crore.
The global private equity investment firm exited Sai Life with huge gains of around Rs 2,285 crore as its average cost of acquisition for 3.07 crore shares was Rs 127.27 per share which resulted in to the value of these shares at Rs 390.8 crore, the IPO prospectus showed.
TPG had held 7.47 crore shares (38.83 percent stake) in Sai Life just before the IPO launch, of which it sold 2.3 crore shares via offer-for-sale in the IPO in December last year. Since then, gradually it offloaded the remaining 24.78 percent shares including today's share sale.
Sai Life Sciences shares listed on the bourses on December 18 last year, and rallied nearly 57 percent to Rs 861.1, from its issue price of Rs 549. Today, it was down 5.06 percent at Rs 861.1.
However, of shares sold by TPG, Goldman Sachs (Singapore) Pte bought 11.04 lakh shares at Rs 871.05 per share valued at Rs 96.2 crore, and Societe Generale acquired 14.06 lakh shares at Rs 871 per share for Rs 122.5 crore.
Edelweiss Financial Services was also in focus on Tuesday, as its shares soared 6.97 percent to Rs 107.92. Ace investor Sunil Singhania's Abakkus Asset Manager picked 64.3 lakh shares (equivalent to 0.67 percent stake) at Rs 100 per share, amounting Rs 64.3 crore.
Abakkus bought the said number of shares from Edelweiss Employees Welfare Trust, and Edelweiss Employees Incentives and Welfare Trust at same price.
Singapore-based investment company Integrated Core Strategies (Asia) has acquired 1.04 crore shares (equivalent to 1.68 percent stake) in Sona BLW Precision Forgings, the auto component maker, at Rs 454.51 per share, valued at Rs 474.5 crore. The stock climbed 0.57 percent to Rs 453.7.
The action was also seen in newly listed Vikram Solar, which closed the first session on the NSE at Rs 356.4, up 7.35 percent. Plutus Wealth Management bought 20 lakh shares (0.55 percent stake) in the Kolkata-based solar panels maker at Rs 352.33 per share, amounting to Rs 70.47 crore.
Plutus Wealth Management also purchased 42.5 lakh shares in housing finance company Sammaan Capital, erstwhile Indiabulls Housing Finance, at Rs 119.69 per share, valued at Rs 50.86 crore. The stock was down 2.04 percent to Rs 118.43.
Vishal Mega Mart shares rallied 2.85 percent to Rs 153.14 despite big stake sale by foreign investors in the hypermarket chain. BNP Paribas Financial Markets sold 5.53 crore shares at Rs 152.8 per share, and Integrated Core Strategies (Asia) offloaded 2.41 crore shares at Rs 152.64 per share, which totalled to 794 crore shares (1.7 percent stake) amounting to Rs 1,213.4 crore.
Waaree Energies shares also saw strong buying interest despite share sale by BNP Paribas and weak market conditions, rising 3.62 percent to Rs 3,265.3. BNP Paribas Financial Markets sold 17.8 lakh shares (0.62 percent stake) at Rs 3,266.21 per share, valued at Rs 582.6 crore.
BNP Paribas Financial Markets also offloaded 4.19 lakh shares in Hitachi Energy India at Rs 19,794.72 per share, for Rs 829.7 crore, but the stock advanced 1.7 percent to Rs 19,780.
Newly listed Patel Retail also saw a big amount of transaction today. Yashwant Amratlal Thakkar bought 4 lakh shares (1.19 percent stake) at Rs 300 per share, valued at Rs 12 crore.
Patel Retail shares zoomed 12.82 percent on its market debut today, closing at Rs 287.7 per share.
iShares Core MSCI Emerging Markets ETF acquired 75.77 lakh units in Nexus Select Trust (equivalent to half a percent stake) at Rs 145.99 per unit, amounting to Rs 110.6 crore.
The action was also observed in Veranda Learning Solutions which shares declined 0.43 percent to Rs 231.47. Promoters offloaded 7.05 percent stake in the education company.
Promoters Kalpathi Subramaniam Ganesh, Kalpathi Subramanian Suresh, and Kalpathi Subramanyam Aghoram cumulatively sold 66 lakh shares in Veranda for Rs 151.8 crore.
However, Authum Investment & Infrastructure bought additional 58 lakh shares (6.2 percent stake) at Rs 230.1 per share, amounted to Rs 133.45 crore, and Goldman Sachs (Singapore) Pte acquired 7.6 lakh shares (0.81 percent) at Rs 229.95 per share, valued at Rs 17.49 crore.
As per the shareholding pattern of March 2025 (the latest), Authum Investment held 3.53 percent stake (25.81 lakh shares).
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