Mumbai: Sagility India Limited is opening a big share sale to the public. This sale is called an "Offer for Sale" (OFS). It is being done by Sagility B.V., the promoter and seller of the company. The goal is to sell part of its holding in Sagility India.
The base offer is to sell 34.61 crore shares, which is 7.39 per cent of the company’s total paid-up equity. These shares are being sold on May 27, 2025 (T Day), only for non-retail investors.
Along with this, there is an oversubscription option. This means the promoter can choose to sell more shares if there is high demand. The promoter has now confirmed that they will use this option and sell an extra 35.68 crore shares (7.62 per cent).
So, the total number of shares offered will now be 70.30 crore shares, which is 15.02 per cent of the company’s total equity.
Out of this total, 7.03 crore shares (10 per cent of the offer) are kept aside for retail investors. These will be available for them to buy on May 28, 2025 (T+1 Day), if they place valid bids. Non-retail investors who don’t get shares on T Day can also place their bids again on this day.
The shares are being sold through special trading windows on the BSE and NSE.
This is a major move by the promoter to reduce their stake and let more investors own shares in Sagility India.
