Lighthouse Advisors Pares 2% Stake In V2 Retail For ₹85 Crore

Lighthouse Advisors Pares 2% Stake In V2 Retail For ₹85 Crore

The Mumbai-based Lighthouse Advisors through its affiliate India 2020 Fund II Ltd sold over 7.34 lakh shares, amounting to a 2.12 per cent stake in V2 Retail, as per the block deal data available on the NSE.

PTIUpdated: Tuesday, September 24, 2024, 08:51 AM IST
article-image

Private equity firm Lighthouse Advisors on Monday divested a 2 per cent stake in value retail chain V2 Retail for Rs 85 crore via open market transaction, while Motilal Oswal Mutual Fund acquired shares of the company.

Lighthouse Advisors Divests

The Mumbai-based Lighthouse Advisors through its affiliate India 2020 Fund II Ltd sold over 7.34 lakh shares, amounting to a 2.12 per cent stake in V2 Retail, as per the block deal data available on the NSE.

After the stake sale, Lighthouse Advisors' holding in V2 Retail has come down to 4.24 per cent from 6.36 per cent.

After the stake sale, Lighthouse Advisors' holding in V2 Retail has come down to 4.24 per cent from 6.36 per cent. |

The shares were offloaded at an average price of Rs 1,160 apiece, taking the transaction value to Rs 85.23 crore.

After the stake sale, Lighthouse Advisors' holding in V2 Retail has come down to 4.24 per cent from 6.36 per cent.

These shares were purchased by Motilal Oswal Mutual Fund at the same price, the data showed on the National Stock Exchange (NSE).

Shares of V2 Retail jumped 5 per cent to end at Rs 1,223.70 apiece on the NSE.

SBI Mutual Fund Buys Stakes in Alicon Castalloy

In a separate transaction on the BSE, SBI Mutual Fund purchased 3.72 lakh shares or 2.3 per cent stake in Alicon Castalloy for Rs 48 crore via open market transaction.

In a separate transaction on the BSE, SBI Mutual Fund purchased 3.72 lakh shares or 2.3 per cent stake in Alicon Castalloy for Rs 48 crore via open market transaction. |

In a separate transaction on the BSE, SBI Mutual Fund purchased 3.72 lakh shares or 2.3 per cent stake in Alicon Castalloy for Rs 48 crore via open market transaction.

The shares were acquired at an average price of Rs 1,300 apiece, taking the deal value to Rs 48.41 crore.

Rajeev Sikand and promoter entity of Alicon Castalloy collectively sold 3.59 lakh shares of the company at the same price.

Details of other sellers of Alicon Castalloy's shares could not be identified on the BSE.

On Monday, shares of Alicon Castalloy fell 2.47 per cent to finish at Rs 1,337.90 apiece on the BSE.

RECENT STORIES

Royal Enfield Classic 650 Twin Revealed: Bookings Open in Europe, India from January 2025

Royal Enfield Classic 650 Twin Revealed: Bookings Open in Europe, India from January 2025

Government Set To Sell 2.5% Stake In Hindustan Zinc; Check For More Details

Government Set To Sell 2.5% Stake In Hindustan Zinc; Check For More Details

World Bank Grants $200 Million To Support Climate-Resilient Agriculture In Kerala

World Bank Grants $200 Million To Support Climate-Resilient Agriculture In Kerala

Royal Enfield Launches Bear 650 in India: Price, Features, and Details

Royal Enfield Launches Bear 650 in India: Price, Features, and Details

Sagility India’s IPO Sees 22% Subscription On Day 1: Here’s What You Need To Know

Sagility India’s IPO Sees 22% Subscription On Day 1: Here’s What You Need To Know