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Private equity firm Lighthouse Advisors on Monday sold 2 percent stake in retail chain V2 Retail for Rs 85 crore in an open market transaction, while Motilal Oswal Mutual Fund acquired shares of the company.
Mumbai-based Lighthouse Advisors, through its subsidiary India 2020 Fund II Ltd, has sold over 734,000 shares, representing a 2.12 per cent stake in V2 Retail, block trade data available on the NSE showed.
The shares were sold at an average price of Rs 1,160 each, taking the transaction value to Rs 85.23 crore.
Following the sale of the shares, Lighthouse Advisors’ stake in V2 Retail fell from 6.36 percent to 4.24 percent.
These shares were bought by Motilal Oswal Mutual Fund at the same price, data from the National Stock Exchange (NSE) showed.
Shares of V2 Retail rose 5 percent to close at Rs 1,223.70 apiece on the NSE.
In a separate transaction on the BSE, SBI Mutual Fund bought 372,000 shares or 2.3 per cent stake in Alicon Castalloy for Rs 48 crore in an open market transaction.
The shares were acquired at an average price of Rs 1,300 each, taking the deal value to Rs 48.41 crore.
Rajeev Sikand and the promoter of Alicon Castalloy jointly sold 3.59 lakh shares of the company at the same price.
Details of other sellers of Alicon Castalloy shares could not be found on the BSE.
On Monday, shares of Alicon Castalloy fell 2.47 percent to close at Rs 1,337.90 apiece on the NSE.
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First publication: Sep 23, 2024 | 11:17 PM IST