Latest news with #SunilSinghania
Economic Times
5 days ago
- Business
- Economic Times
Sunil Singhania picks stake in Indegene, stock up 4%
Indegene shares: Sunil Singhania's fund acquired a stake in the company via a significant block deal. Synopsis Indegene shares: Abakkus was one of several institutional investors that participated in the transaction through which private equity giant Carlyle Group fully exited its 10.2% stake in the digital healthcare company. Shares of Indegene Ltd rose as much as 3.7% to Rs 611.50 on the BSE on Thursday, a day after Sunil Singhania's Abakkus Emerging Opportunities Fund picked up a stake in the company through a large block deal. Abakkus was among several institutional investors that bought shares in the transaction where private equity major Carlyle Group exited its entire 10.2% holding in the digital healthcare firm. ADVERTISEMENT A total of 2.53 crore shares, amounting to 10.56% of Indegene's equity, changed hands on Wednesday, June 4, at an average price of Rs 591 apiece, according to exchange data released Thursday. Carlyle, through its unit CA Dawn Investments, was the sole seller in the deal, garnering Rs 1,447 crore from the divestment. Alongside Abakkus, other buyers included East Bridge Capital Master Fund, Societe Generale, Smallcap World Fund, and Premji Invest's affiliate PI Opportunities AIF V. Together, these investors picked up 1.06 crore shares, or 4.42% stake, for Rs 627 crore. The shares were acquired in the price range of Rs 591–591.48 each. Details of other buyers were not available on the National Stock Exchange as of exit marks the end of a four-year investment in Indegene. The global private equity firm had invested $122 million (Rs 917 crore) in April 2021, purchasing 4.55 crore shares at Rs 201 apiece. ADVERTISEMENT Since then, it has sold shares in phases, first during Indegene's IPO in May 2024 at Rs 452 apiece, then at Rs 618 in December 2024, and finally at around Rs 591 this week. The investment delivered an internal rate of return of 31% for Carlyle, underscoring the strong returns possible in India's digital healthcare shares had fallen 4.07% on Wednesday to Rs 594.50 following the block transaction, but rebounded on Thursday as investor interest in the stock remained firm. ADVERTISEMENT Also read | Carlyle group exits Indegene; sells 10.2% stake for Rs 1,447 crore (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Time of India
5 days ago
- Business
- Time of India
Sunil Singhania picks stake in Indegene, stock up 4%
Shares of Indegene Ltd rose as much as 3.7% to Rs 611.50 on the BSE on Thursday, a day after Sunil Singhania 's Abakkus Emerging Opportunities Fund picked up a stake in the company through a large block deal. Abakkus was among several institutional investors that bought shares in the transaction where private equity major Carlyle Group exited its entire 10.2% holding in the digital healthcare firm. A total of 2.53 crore shares, amounting to 10.56% of Indegene's equity, changed hands on Wednesday, June 4, at an average price of Rs 591 apiece, according to exchange data released Thursday. Carlyle, through its unit CA Dawn Investments, was the sole seller in the deal, garnering Rs 1,447 crore from the divestment. Who bought? Alongside Abakkus, other buyers included East Bridge Capital Master Fund, Societe Generale, Smallcap World Fund, and Premji Invest's affiliate PI Opportunities AIF V. Together, these investors picked up 1.06 crore shares, or 4.42% stake, for Rs 627 crore. The shares were acquired in the price range of Rs 591–591.48 each. Details of other buyers were not available on the National Stock Exchange as of Thursday. Carlyle's phased exit Carlyle's exit marks the end of a four-year investment in Indegene. The global private equity firm had invested $122 million (Rs 917 crore) in April 2021, purchasing 4.55 crore shares at Rs 201 apiece. Since then, it has sold shares in phases, first during Indegene's IPO in May 2024 at Rs 452 apiece, then at Rs 618 in December 2024, and finally at around Rs 591 this week. The investment delivered an internal rate of return of 31% for Carlyle, underscoring the strong returns possible in India's digital healthcare sector. Indegene's shares had fallen 4.07% on Wednesday to Rs 594.50 following the block transaction, but rebounded on Thursday as investor interest in the stock remained firm. Also read | Carlyle group exits Indegene; sells 10.2% stake for Rs 1,447 crore ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mint
5 days ago
- Business
- Mint
Stocks to watch: Vedanta, BEL, Yes Bank, REC, Power Grid among shares in focus today
The company announced that its renewable energy capacity has reached 1.03 GW and it is progressing steadily toward its goal of achieving 2.5 GW of green energy by 2030. This milestone was achieved by scaling up its round-the-clock renewable power capacity through power supply agreements. Clean energy player, promoter of Indosolar Ltd, will sell up to 4,76,495 equity shares, representing 1.15% of Indosolar's total paid-up equity capital, through an offer for sale (OFS) on June 5 and 6, 2025. Gland Pharma announced that its key subsidiary, Cenexi, has received the final inspection report from France's drug regulatory authority, ANSM, which includes 11 observations. A private sector bank reported that CA Basque Investments, a Mauritius-based special purpose vehicle owned by the Carlyle Group, has sold 2.62% of its shares in the bank, bringing its overall holding down to 4.22%. According to official data released last evening, Sunil Singhania's Abakkus Emerging Opportunities Fund was among the purchasers in the block deal involving Indegene Ltd. that occurred on Wednesday, June 4. The Maharatna public sector enterprise announced that its board has given the green light to a plan for raising up to ₹ 1.55 lakh crore via private placement of bonds or debentures. Bharat Electronics Ltd (BEL) has revealed that it has secured new orders totaling ₹ 537 crore since its previous announcement on May 16. The state-run Power Grid Corporation has taken over MEL Power Transmission Ltd (MPTL), a special purpose vehicle, for a sum of ₹ 8.53 crore. KEC International Ltd announced in a regulatory filing on Wednesday that it has received new orders totaling ₹ 2,211 crore across its transmission and distribution, oil and gas pipeline, and cables divisions. NTPC Green Energy Ltd, a subsidiary of NTPC Ltd, has secured a 1,000 MW allocation in the solar PV power project auction conducted by Uttar Pradesh Power Corporation Limited (UPPCL). Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
