Societe Generale bought 7 lakh shares, 0.62 percent stake at Rs 93.1 per share in Sat Industries.
Aeroflex Industries IPO comprises a fresh issuance of equity shares worth Rs 160 crore and an offer for sale of 1.75 crore equity shares by promoters SAT Industries, and Italica Global FZC.
The Europe-based financial services group has bought 16.1 lakh shares, or 1.42 percent stake, in SAT Industries at an average price of Rs 85.05 a share
The stake sale by Small Cap World Fund and New World Fund was worth Rs 551.03 crore.
SAT Industries sold a 3.55 percent stake in Aeroflex Industries to Carnelian Structural Fund managed by Khemani and others for Rs 35.58 crore
SAT Industries sold 4.05 percent equity shares held in its material subsidiary, Aeroflex Industries Ltd, to Ashish Kacholia and Bengal Finance & Investments Private Ltd for an aggregate amount of Rs 40.56 crore.
Aeroflex Industries Ltd has filed a draft red herring prospectus with Securities Exchange Board of India to raise around Rs 350 crore via initial public offerings.