Bulk deals: Government of Singapore buys Rs 578 cr worth of stake in Data Patterns

Florintree Capital Partners was the seller as it offloaded its entire stock of 59,96,622 shares or a 10.71 percent stake in Data Patterns (India)

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The Government of Singapore acquired 31,47,725 shares of Data Patterns (India) on February 16 at an average price of Rs 1,837 valuing the transaction at Rs 578.23 crore. Other bulk buyers of the stock were Kotak Mahindra Mutual Fund and Mirae Asset Mutual Fund, which bought 4,55,000 shares and 7,10,310 shares, respectively, at the same price.

The Government of Singapore bought a 5.62 percent stake, while Kotak Mahindra MF bought a 0.81 percent stake and Mirae Asset MF acquired a 1.27 percent stake in the company, according to build data deals from the exchanges.

Florintree Capital Partners was the seller as it offloaded its entire stock of 59,96,622 shares or a 10.71 percent stake in Data Patterns (India) at the same price. Interestingly, Mathew Cyriac, Co-founder and Chairman designate of Florintree Advisors bought 6,80,622 shares or 1.22 percent stake at the same price.

Shares of Data Patterns (India) rose 8.81 percent to Rs 2,018.

Meanwhile, Columbia Petro Chem Private Ltd acquired 37,00,000 shares of Apollo Micro Systemsat an average price of Rs 121.5 amounting the deal at Rs 44.95 crore. Bajaj Finance sold 37,82,868 shares at an average price of Rs 121.48. Bajaj sold Rs 449.55 crore worth of shares.

Apollo Micro Systems stock closed 0.65 percent down at Rs 121.5.