Bulk deals: Fireside offloads Rs 230 cr shares in Mamaearth, TPG Asia sells Rs 190 cr stake in Shriram Properties
As per the bulk deals data available on the exchanges, Fireside sold 60.88 lakh shares in Honasa at an average price of Rs 378 per share
Sunil Shankar Matkar
December 05, 2023 / 11:49 PM IST
TPG Asia sells Rs 190 crore stake in Shriram Properties
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Fireside Ventures Investment Fund I, the alternate investment fund, has offloaded Rs 230.15 crore worth of shares in Honasa Consumer, the parent company of beauty and personal care products brand Mamaearth, via open market transactions on December 5.
As per the bulk deals data available on the exchanges, Fireside sold 60.88 lakh shares in Honasa at an average price of Rs 378 per share.
Fireside held 2.43 crore shares, which is equivalent to 7.57 percent of paid-up equity, in Honasa, as of September 2023.
However, Norges Bank on account of the Government Pension Fund Global was the buyer for some of these shares, purchasing 24.98 lakh shares in Honasa at an average price of Rs 378 per share.
Honasa shares reacted negatively to the news, falling 5 percent to Rs 363.85 on the BSE.
Sanghi Industries was also in full action after a big block trade and was locked in a 5 percent upper circuit at Rs 129.90 per share. Cement major Ambuja Cements has bought 13,34,95,941 equity shares or 51.68 percent shareholding in Sanghi at an average price of Rs 121.9 per share valued at Rs 1,627.3 crore.
However, promoters Alok Sanghi, Flarezeal Solutions LLP, Ravi Sanghi, Samruddhi Investors Services, Sanghi Polymers, and Aditya Sanghi sold 13,24,75,741 shares in the company at the same price. Among them, Alok Sanghi, Flarezeal Solutions LLP, Samruddhi Investors Services, Sanghi Polymers, and Aditya Sanghi exited the company by selling their personal shareholding.
However, Ambuja Cements, the buyer in this deal, surged over 7 percent to Rs 508.70.
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Shriram Properties was also in action, rallying 7 percent to Rs 127.50. Tara Emerging Asia Liquid Fund bought 8,84,956 shares in the real estate developer at an average price of Rs 113 per share, BNP Paribas Arbitrage 10,77,776 shares at an average price of Rs 116.01 per share and OHM Enterprises picked 9,90,000 shares at an average price of Rs 113.71 per share.
However, US-based private equity firm TPG Asia SF V Pte Ltd sold 1,67,56,351 equity shares in Shriram Properties at an average price of Rs 113.4 per share, amounting to Rs 190.01 crore.
Snowman Logistics shares gained 2.6 percent at Rs 59.56. Promoter and logistics services provider Gateway Distriparks has bought 8.5 lakh shares in Snowman at an average price of Rs 59.23 per share.
The action was also seen in Swan Energy, which jumped 6.7 percent to Rs 446.40. SBI Life Insurance Company bought 20 lakh shares in the company and Europe-based financial services company Societe Generale purchased 18 lakh shares in the firm at an average price of Rs 414 per share, which in total amounted to Rs 157.32 crore.
However, 2I Capital PCC sold 30 lakh shares in Swan at an average price of Rs 414 per share, Kasturi Vintrade offloaded 23,80,481 shares at an average price of Rs 432.28 per share, and Ares Diversified sold 54,99,319 shares at an average price of Rs 414.09 per share.
Sapphire Foods India shares corrected 1.7 percent to Rs 1,422.50 after a big block trade. Foreign promoter Arinjaya (Mauritius) sold 27 lakh shares or 4.24 percent stake in the food company at an average price of Rs 1,400.01 per share.
However, foreign investor Government of Singapore has increased stake in the company. It has bought an additional 20,19,694 shares or a 3.17 percent stake in Sapphire Foods at an average price of Rs 1,400 per share.
As of September 2023, the Government of Singapore held a 1.83 percent stake in Sapphire Foods.