New Delhi: Investment firm GTI Capital Group on Friday sold 4.7 per cent stake in hospitality firm Samhi Hotels for Rs 193 crore through an open market transaction.

GTI Capital Alpha, a subsidiary of Mauritius-based GTI Capital Group, sold shares of Samhi Hotels through separate block deals on BSE.

According to available data, GTI Capital Alpha sold 1,03,36,865 shares, equivalent to 4.7 per cent stake in Samhi Hotels.

The shares were disposed of at an average price of Rs 187.1 per share, taking the value of the transaction to Rs 193.40 crore.

After the stake sale, GTI Capital Group's stake in Samhi Hotels has reduced from 6.24 percent to 1.5 percent.

Buyers of Samhi Hotels shares included ICICI Prudential Mutual Fund (MF), Tata MF, JM Financial MF, Quest Investment Advisors, Shubhakam Ventures I, Morgan Stanley and Abu Dhabi Investment Authority.

Shares of Samhi Hotels closed 1.22 per cent higher at Rs 191.05 per piece on BSE.

Samhi Hotels operates under long-term management contracts with global hotel operators such as Marriott, Hyatt and IHG.

In a separate block deal on NSE, private equity firm TPG sold 20 lakh shares of Solara Active Pharma Sciences for Rs 99 crore through an open market transaction.

US-based TPG, through its arm TPG Growth IV SF Pte, sold shares of API manufacturing company Solara Active Pharma Sciences at an average price of Rs 495 per share on the National Stock Exchange (NSE).

This took the deal value to Rs 99 crore.

These shares were acquired by Mumbai-based NBFC company Authum Investment and Infrastructure at this price.

Shares of Solara Active Pharma Sciences closed 9.99 per cent higher at Rs 544.90 on the NSE on Friday.