Other Deals - Listed Firms
Dutch promoter Sagility B V offloads 16.4% stake in India arm for Rs.3,660-Cr
The Netherlands-based promoter Sagility B V has offloaded a 16.4 % equity stake in Bengaluru- and Colorado (USA)-based Sagility through open market transactions. The promoter Sagility B V sold 76.9 crore equity shares at INR 47.6 per share, valued at INR 3,660.44 crore.Post transaction, the promoter's holding reduced from 67.38% to approximately 51%. Portfolio management company Unifi Capital and its Unifi Blend Fund 2, acquired a 4.71% stake for INR 1,049.65 crore. Other buyers were ICICI Prudential Mutual Fund (INR 149.39 crore), Societe Generale (INR 403.75 crore), Norges Bank on account of the Government Pension Fund Global (INR 176.59 crore), and Morgan Stanley Asia Singapore (INR 131.47 crore).Founded in 2021, Sagility provides technology-enabled business solutions and services to clients in the US healthcare industry.
Between Aug 2021 and Oct 2024, Sagility India had attracted about USD 1,244 M from EQT Private Capital Asia, 360 ONE, Avendus and others.For FY24, Sagility India had reported about INR 4,754 Cr in Operating Income and about INR 228 Cr in PAT.
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