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Economic Times
27-05-2025
- Business
- Economic Times
Sagility shares hit 5% lower circuit as promoter launches Rs 2,671 crore stake sale via OFS
This marks the second major stake sale by the promoter after the Rs 2,106 crore IPO in November 2023. Sagility India promoter entity Sagility B.V., backed by private equity firm EQT, has launched a Rs 2,671 crore offer-for-sale (OFS). The sale includes up to 15.02% of the company's equity, with a floor price of Rs 38 per share — an 11.4% discount to the last closing price. The OFS opens for non-retail investors on May 27 and for retail investors on May 28. This marks the second major stake sale by the promoter after the Rs 2,106 crore IPO in November 2023. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Sagility India share price target Shares of Sagility India fell 5% to hit the lower circuit at Rs 40.7 on Tuesday on the BSE, after a promoter entity launched a stake sale worth up to Rs 2,671 crore through an offer-for-sale (OFS).Private equity firm EQT-backed Sagility B.V., a promoter of Sagility India, informed exchanges that it plans to offload shares worth up to Rs 2,671 crore ($314.7 million) via the OFS route. The offer opens for non-retail investors on May 27 and for retail investors on May base offer includes up to 346.13 million equity shares, representing a 7.39% stake. With an oversubscription option of 356.87 million shares, the total offer could rise to 703 million shares — or 15.02% of the company's outstanding floor price has been set at Rs 38 per share, an 11.4% discount to the last closing price of Rs 42.87 on the NSE as of May the floor price, the base offer is valued at Rs 1,315 crore ($154.9 million), while the full offer could raise Rs 2,671 crore ($314.7 million). The entire transaction is a secondary sale, with no fresh issuance of India, a business process management services provider, had launched a Rs 2,106 crore IPO in November last year, which was subscribed over three times. That IPO was also entirely an OFS of 702.2 million shares by Sagility B.V. The promoter group currently holds an 82.39% stake in the to Trendlyne, the average target price for Sagility India is Rs 58, indicating an upside of nearly 43% from current levels. Of the six analysts tracking the stock, the consensus rating is 'Strong Buy'.While Sagility shares have gained 18% over the past six months, they are down 15% year-to-date. The company's market capitalisation currently stands at Rs 19,062 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
27-05-2025
- Business
- Time of India
Sagility shares hit 5% lower circuit as promoter launches Rs 2,671 crore stake sale via OFS
Shares of Sagility India fell 5% to hit the lower circuit at Rs 40.7 on Tuesday on the BSE, after a promoter entity launched a stake sale worth up to Rs 2,671 crore through an offer-for-sale (OFS). Private equity firm EQT-backed Sagility B.V., a promoter of Sagility India, informed exchanges that it plans to offload shares worth up to Rs 2,671 crore ($314.7 million) via the OFS route. The offer opens for non-retail investors on May 27 and for retail investors on May 28. The base offer includes up to 346.13 million equity shares, representing a 7.39% stake. With an oversubscription option of 356.87 million shares, the total offer could rise to 703 million shares — or 15.02% of the company's outstanding equity. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The floor price has been set at Rs 38 per share, an 11.4% discount to the last closing price of Rs 42.87 on the NSE as of May 26. At the floor price, the base offer is valued at Rs 1,315 crore ($154.9 million), while the full offer could raise Rs 2,671 crore ($314.7 million). The entire transaction is a secondary sale, with no fresh issuance of shares. Live Events Sagility India, a business process management services provider, had launched a Rs 2,106 crore IPO in November last year, which was subscribed over three times. That IPO was also entirely an OFS of 702.2 million shares by Sagility B.V. The promoter group currently holds an 82.39% stake in the company. Sagility India share price target According to Trendlyne, the average target price for Sagility India is Rs 58, indicating an upside of nearly 43% from current levels. Of the six analysts tracking the stock, the consensus rating is 'Strong Buy'. While Sagility shares have gained 18% over the past six months, they are down 15% year-to-date. The company's market capitalisation currently stands at Rs 19,062 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
