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

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.