New Delhi: Private equity firm Lighthouse Advisors India on Friday sold a 2.4 per cent stake in Poly Medicure for Rs 444 crore through an open market transaction.
Mumbai-based Lighthouse Advisors India, through its subsidiary, Lighthouse India III Equity Investors Ltd, sold shares of medical consumables company Polymed Medicure through a bulk trade on the National Stock Exchange (NSE).
According to the data, Lighthouse India III Equity Investors offloaded 22.76 lakh shares, which is equivalent to a 2.4 per cent stake in Poly Medicure.
The shares were disposed of at an average price of Rs 1,950.03 each, taking the transaction value to Rs 443.88 crore.
Details of the buyers of Poly Medicure shares could not be determined.
Shares of Poly Medicure rose 2.99 per cent to settle at Rs 2,061 apiece on the NSE.
In February, Lighthouse Advisors India sold shares in medical consumables company Poly Medicure for Rs 200 crore.
In a separate bulk deal on the NSE, Devansh Trademart LLP, one of the promoters of Gujarat Fluorochemicals, sold a 1.14 per cent stake in the specialty chemicals maker for Rs 414 crore.
As per available data, Devansh Trademart offloaded 12.50 lakh shares of Gujarat Fluorochemicals at an average price of Rs 3,317.32, taking the transaction value to Rs 414.66 crore.
After the share sale, Devansh Trademart's stake in Gujarat Fluorochemicals has decreased from 6.06 per cent to 4.92 per cent.
Further, the combined shareholding of the promoter and promoter group entities in Noida-based Gujarat Fluorochemicals has been reduced from 63.81 per cent to 62.67 per cent.
Details of the buyers of Gujarat Flourochemicals shares could not be ascertained.
Gujarat Flourochemicals scrip fell marginally by 0.67 per cent to end at Rs 3,372 per piece on the NSE.
Gujarat Fluorochemicals Ltd (GFL) is a part of the INOXGFL Group.
Mumbai-based Lighthouse Advisors India, through its subsidiary, Lighthouse India III Equity Investors Ltd, sold shares of medical consumables company Polymed Medicure through a bulk trade on the National Stock Exchange (NSE).
According to the data, Lighthouse India III Equity Investors offloaded 22.76 lakh shares, which is equivalent to a 2.4 per cent stake in Poly Medicure.
The shares were disposed of at an average price of Rs 1,950.03 each, taking the transaction value to Rs 443.88 crore.
Details of the buyers of Poly Medicure shares could not be determined.
Shares of Poly Medicure rose 2.99 per cent to settle at Rs 2,061 apiece on the NSE.
In February, Lighthouse Advisors India sold shares in medical consumables company Poly Medicure for Rs 200 crore.
In a separate bulk deal on the NSE, Devansh Trademart LLP, one of the promoters of Gujarat Fluorochemicals, sold a 1.14 per cent stake in the specialty chemicals maker for Rs 414 crore.
As per available data, Devansh Trademart offloaded 12.50 lakh shares of Gujarat Fluorochemicals at an average price of Rs 3,317.32, taking the transaction value to Rs 414.66 crore.
After the share sale, Devansh Trademart's stake in Gujarat Fluorochemicals has decreased from 6.06 per cent to 4.92 per cent.
Further, the combined shareholding of the promoter and promoter group entities in Noida-based Gujarat Fluorochemicals has been reduced from 63.81 per cent to 62.67 per cent.
Details of the buyers of Gujarat Flourochemicals shares could not be ascertained.
Gujarat Flourochemicals scrip fell marginally by 0.67 per cent to end at Rs 3,372 per piece on the NSE.
Gujarat Fluorochemicals Ltd (GFL) is a part of the INOXGFL Group.
