 "Lighthouse Advisors sells a stake in V2 Retail for Rs 85 crore, while Motilal Oswal Mutual Fund purchases shares amid market fluctuations.")
Lighthouse Advisors, a private equity firm, recently sold a 2% stake in V2 Retail for Rs 85 crore through an open Market deal. The sale involved over 734,000 shares at an average price of Rs 1,160 each, reducing Lighthouse’s holding in V2 Retail from 6.36% to 4.24%. Following this transaction, shares of V2 Retail rose by 5%, closing at Rs 1,223.70. In a separate development, SBI Mutual Fund acquired a 2.3% stake in Alicon Castalloy for Rs 48 crore, buying 372,000 shares at Rs 1,300 each, while shares of Alicon Castalloy dropped by 2.47% to end at Rs 1,337.90 on the NSE.
Private equity firm Lighthouse Advisors made headlines on Monday as it sold a 2 percent stake in V2 Retail for Rs 85 crore through an open Market transaction. This divestment involved over 734,000 shares, which represents a 2.12 percent stake in the retail chain. The shares were sold at an average price of Rs 1,160 each, ultimately resulting in a transaction value of Rs 85.23 crore.
Following this sale, Lighthouse Advisors’ ownership in V2 Retail decreased to 4.24 percent from the previous 6.36 percent. Interestingly, Motilal Oswal Mutual Fund purchased the same number of shares at the same price, suggesting strong interest in the retail chain’s stock. As a result, shares of V2 Retail surged by 5 percent, closing at Rs 1,223.70 on the NSE.
In a separate transaction, SBI Mutual Fund acquired a 2.3 percent stake in Alicon Castalloy, purchasing 372,000 shares for Rs 48 crore. These shares were secured at an average price of Rs 1,300 each, leading to a total deal value of Rs 48.41 crore. Notably, shares of Alicon Castalloy experienced a slight decline, finishing down 2.47 percent at Rs 1,337.90 on the NSE.
This flurry of activity highlights the dynamic nature of stock Market investments, where mutual funds and private equity firms actively engage to capitalize on emerging opportunities.
Tags: Private Equity, Lighthouse Advisors, V2 Retail, Stock Market, NSE, Mutual Funds, Investment, Shares, Financial News, Market Update
What does it mean that Lighthouse Advisors sold a stake in V2 Retail?
It means that Lighthouse Advisors sold part of their ownership in V2 Retail, reducing the amount of shares they hold in the company.
How much of V2 Retail’s stake did Lighthouse Advisors sell?
Lighthouse Advisors sold over 2% of their stake in V2 Retail.
How much money did Lighthouse Advisors make from this sale?
Lighthouse Advisors made about Rs 85 crore from selling their stake in V2 Retail.
Why did Lighthouse Advisors sell their stake in V2 Retail?
The specific reason for the sale wasn’t mentioned, but companies often sell stakes for various reasons like wanting to invest in other areas or to raise cash.
What is V2 Retail?
V2 Retail is a company that operates a chain of retail stores, usually selling clothing and other consumer products in India.
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