Liquidity Events
Lighthouse sells 2.9% stake in Shaily Engg Plastics for Rs.284-Cr
Lighthouse Funds, through its arm Lighthouse India Fund III Ltd, has offloaded 13,33,155 shares of Vadodara-based Shaily Engineering Plastics in 11 tranches to entities at INR 2,134 per share.Abu Dhabi Investment Authority (ADIA), Motilal Oswal Mutual Fund, BofA Securities, Societe Generale, and other institutional investors have collectively acquired the shares in a block deal. 360 One Group, Aditya Birla Sun Life Mutual Fund, Trust Mutual Fund, Stallion Asset Pvt Ltd, Samyak Enterprises, and Subhkam Ventures I were among the other entities that participated in the purchase.Shaily manufactures high-precision, injection-molded plastic components and sub-assemblies for various industries including healthcare, consumer goods, automotive, and home furnishing.
Lighthouse first invested in Shaily Engineering Plastics in 2007 and had exited by 2015. It re-entered the company in 2021 and started to exit in 2024.
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