Indegene shares recovered Wednesday’s losses by surging as much as 3 per cent in Thursday’s session after the stakes of the company exchange hands in open market transactions.
At 10:10 am, the scrip climbed to day’s high to ₹608.80 apiece on June 5.
US-based private equity firm Carlyle Group recently sold its entire 10.2 per cent holding in the company, leading to a 4 per cent drop in the stock on Wednesday.
According to NSE data, Carlyle Group, CA Dawn Investments, offloaded the shares through a block deal, with IIFL Capital Services Ltd. and Kotak Securities Ltd. acting as bookrunners. The shares were sold in the price range of ₹591.02 to ₹591.84 each.
However, Premji Invest’s affiliate PI Opportunities AIF, US-based Capital Group, French firm Societe Generale, Luxembourg-based Eastbridge Group, and Abakkus Asset Manager collectively acquired 1.06 crore shares — a total of 4.42 per cent stake in Indegene — for a total of ₹627 crore, at a price between ₹591 and ₹591.48 per share.
East Bridge Capital Master Fund I acquired a 0.24% stake for ₹128 crore, while Societe Generale picked up 18.79 lakh shares, amounting to a 0.21% holding, for ₹111 crore. Capital Group’s Small Cap World Fund also invested ₹108 crore in shares, and PI Opportunities, supported by Azim Premji, contributed ₹100 crore.
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