Sagility block deal: Promoter to offload 12% stake at ₹42.45 apiece; deal size ₹2,377 crore
Sagility shares may remain volatile after reports that promoter Sagility B.V. plans to sell a 12% stake for about ₹2,377 crore at ₹42.45 per share, a 5% discount. The promoter held 50.95% at September quarter-end, down from 67.38% a year earlier.
Shares of Sagility are likely to remain volatile in Friday’s session on October 30, as the healthcare services provider’s promoter, Sagility B.V., is reportedly planning to sell a 12% stake in the company through a block deal, according to media reports.The deal is estimated to be worth around ₹2,377 crore, with the promoter expected to sell shares at ₹42.45 apiece, representing a 5% discount to Thursday’s closing price.According to the shareholding data for the September quarter, Sagility B.V. held 2,38,51,29,151 shares, representing a 50.95% stake in the company at the end of the quarter.
