Coforge’s promoter offloads shares worth Rs 616Cr

coforge share sale

Hulst BV, the sole promoter of Coforge Ltd, on Monday, sold shares worth over Rs 616 crore in the firm, in an open market transaction.

According to BSE’s bulk deal data, the promoter offloaded 19 lakh scrips at an average price of Rs 3,242.26.

The total transaction value stood at Rs 6,16,02,94,000.

According to the shareholding data for March 2021 quarter, Hulst BV held a 63.99 percent stake in the firm.

In a separate transaction, Axis Mutual Fund a/c Axis Long Term Equity Fund accumulated 6.17 lakh scrips of the firm for Rs 3,240 per scrip, valuing the deal at Rs 200 crore.

Shares of Coforge Ltd ended 4.59 percent lower at Rs 3,221.85 on BSE.

Individually, TPG Growth IV SF Pte Ltd and Pronomz Ventures LLP sold shares worth Rs 208.12 crore and Rs 30.97 crore, respectively, in Solara Active Pharma Sciences Ltd.

According to the bulk deal data, TPG Growth offloaded 13.36 lakh shares and Pronomz Ventures 1.99 lakh scrips of the company at Rs 1,552.05 each.

The buyers- Classic Opportunities Fund, Aditya Birla Sun Life Flexi Cap Fund, and Aditya Birla Sun Life Mutual Fund, bought the scrips at the same price.

Classic Opportunities Fund acquired 2.57 lakh scrips, Aditya Birla Sun Life Flexi Cap Fund 3.9 lakh, and Aditya Birla Sun Life Mutual Fund 1.94 lakh scrips of the company.

On BSE, Solara Active Pharma Sciences concluded the counter at Rs 1,647.8, a higher 5.28 percent over the previous close.

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