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Business Standard
27-05-2025
- Business
- Business Standard
Sagility India drops as promoter launches OFS
Sagility India hit a lower limit of 5% at Rs 40.72 after its promoter, Sagility B.V., announced an Offer for Sale (OFS) to divest up to 15.02% stake in the company. The move is aimed at aligning with SEBIs minimum public shareholding rule, which mandates that at least 25% of a listed company's equity be held by the public. Currently, Sagility B.V. holds 82.39% of the companys equity (as of March 2025), leaving the public float well below regulatory requirements. The OFS began today, May 27, with the offer open exclusively to non-retail investors. On May 28, retail investors will have their turn, along with non-retail bidders from the previous day who choose to carry forward their unallotted bids. Trading is being conducted through a special window on the BSE and NSE during regular market hours, from 9:15 a.m. to 3:30 p.m. Sagility B.V. is offering a base lot of 34.61 crore shares, amounting to 7.39% of Sagility Indias total equity. Theres also an oversubscription option for an additional 35.69 crore shares or 7.62%, taking the total potential divestment to 70.30 crore shares, equivalent to 15.02% of the company. The floor price for the OFS has been fixed at Rs 38 per share, marking an 11.34% discount to Mondays closing price of Rs 42.86 on the BSE. The steep discount and the sheer volume of shares on offer appear to have spooked investors, triggering a sharp drop in the stock price. By 4:00 p.m. on T-1 Day, the OFS saw subscriptions hitting 223.72% of the base non-retail offer size (31.15 crore shares). A total of 69,69,20,359 bids were received, signaling strong institutional appetite. Sagility India is a leading global provider of technology-enabled business solutions and services to clients in the U.S healthcare Industry. On a consolidated basis, Sagility India's net profit surged 127.64% to Rs 182.57 crore while revenue from operations jumped 22.23% to Rs 1,568.5 crore in Q4 FY25 over Q4 FY24.
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Business Standard
27-05-2025
- Business
- Business Standard
Sagility India shares hit lower circuit as promoter offloads 15.02% via OFS
Sagility's stock fell as much as 5 per cent as its promoter looks to offload a 15.02 per cent stake via an offer for sale SI Reporter Mumbai Shares of Sagility India were locked at 5 per cent lower circuit on Tuesday as its promoter looks to offload a 15.02 per cent stake via an offer for sale to achieve the minimum public shareholding limit. Sagility's stock fell as much as 5 per cent during the day to hit a lower circuit of 40.7 per share, the lowest level since May 9 this year. This is compared to a 0.31 per cent decline in Nifty50 as of 11:52 AM. Shares of the company have fallen over 12 per cent from its recent peak of ₹48.6, which it hit earlier this month. The counter has fallen 19.2 per cent this year, compared to a 5 per cent advance in the benchmark Nifty50. Sagility has a total market capitalisation of ₹19,062.37 crore. Sagility India OFS details Sagility B.V., the promoter entity of Sagility India, will sell up to 15.02 per cent of its stake in the company through an offer for sale on May 27 and May 28, 2025, according to an exchange filing on Monday. The base offer includes 34.61 crore equity shares, representing 7.39 per cent of the total paid-up share capital, with an option to offload an additional 35.69 crore shares (7.62 per cent) under the oversubscription option. If fully exercised, the total offer will comprise 70.3 crore shares. Non-retail investors can place bids on Tuesday, May 27 and may also opt to carry forward un-allotted bids to the next day. Retail investors can participate on Wednesday, May 28, during the trading hours. The floor price for the OFS has been set at ₹38 per share, over a 10 per cent discount to Monday's closing price. As of the March quarter, Sagility B.V. has about 82.39 per cent stake in the company, according to BSE data. Sagility India Q4FY25 results Revenue from operations grew 22.23 per cent year-on-year to ₹1,568.5 crore in Q4 FY25. Adjusted Ebitda for the quarter stood at ₹383.20 crore, up 22.85 per cent from ₹311.90 crore reported in Q4 FY24. The adjusted Ebitda margin improved slightly to 24.4 per cent from 24.3 per cent a year ago. ALSO READ:
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)
Economic Times
26-05-2025
- Business
- Economic Times
EQT firm Sagility B.V. to offload up to Rs 2,671 crore stake in Sagility India via offer for sale
Private equity firm EQT-owned firm Sagility B.V., a promoter entity of Sagility India, plans to sell shares worth up to Rs 2,671 crore ($314.7 million) through an offer-for-sale window, according to an exchange filing. The OFS will open for non-retail investors on May 27 and for retail and non-retail investors on May 28. ADVERTISEMENT The base offer comprises up to 346.13 million equity shares, representing a 7.39% stake in the company. An oversubscription option of 356.87 million shares could take the total offer size to 703 million shares — or as much as 15.02% of Sagility's outstanding equity capital. The floor price for the offer is set at Rs 38 per share, reflecting an 11.4% discount to the stock's 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 fetch up to Rs 2,671 crore ($314.7 million). The entire transaction is a secondary sale, with no fresh issue of shares. Sagility India, a provider of business process management services, launched its Rs 2,106 crore IPO in November last year, which was subscribed over three times. That issue, too, was entirely an offer-for-sale of 702.2 million shares by Sagility B.V. The promoter group currently holds an 82.39% stake in the company. (You can now subscribe to our ETMarkets WhatsApp channel)
