HomeNewsBusinessMarketsWF Asia Fund sells nearly 8% stake in 5paisa Capital for over Rs 70 crore

WF Asia Fund sells nearly 8% stake in 5paisa Capital for over Rs 70 crore

As of September 2025, WF Asian Reconnaissance Fund was holding 9.3 percent stake in 5Paisa Capital.

November 17, 2025 / 21:38 IST
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Bulk Deals on November 17
Bulk Deals on November 17

WF Asia Fund, managed by Hong Kong-headquartered alternative investment manager WFM Asia, has offloaded 7.75 percent equity stake in 5paisa Capital, the discount stock broking company, via open market transactions on November 17.

Despite this big stake sale, 5paisa Capital shares rebounded sharply by 9 percent after several days of consolidation, closing at Rs 315.20 on the NSE. It has been under pressure since July this year despite intermittent buying.

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WF Asia Fund sold 24.21 lakh shares (equivalent to 7.75 percent of paid-up equity) in 5paisa Capital at Rs 289.16 per share for Rs 70.03 crore. However, Shubhi Consultancy Services acquired 3.03 lakh shares at Rs 292.94 per share, and 19.12 lakh shares at Rs 290.69 per share, which in total was 7.09 percent stake worth Rs 64.47 crore.

As of September 2025, WF Asian Reconnaissance Fund was holding 9.3 percent stake in 5Paisa Capital.