Lighthouse Advisors India Sells 1.3 Per Cent Stake In Bikaji Foods

Updated on: 6 September 2023 4:26 pm

The transaction included 9,608 equity shares and 396 CCDs at Rs 5100 value per security, with the face value of each equity share standing at Rs 10

Bikaji Foods Acquires 49% Stake In Bhujialalji For Rs 5.10 Crore Photo: The transaction included 9,608 equity shares and 396 CCDs at Rs 5100 value per security, with the face value of each equity share standing at Rs 10

Lighthouse Advisors India have divested a 1.3 per cent stake in Bikaji Foods International for nearly Rs 156 crore through an open market transaction, on Tuesday. It has also sold the shares of Bikaji Foods through its investment vehicle Lighthouse India Fund III.

According to BSE filings, Lighthouse India Fund III offloaded 32,42,070 shares, or a 1.3 per cent stake, in Bikaji. The average share price was Rs 480 apiece, taking the aggregate transaction value to Rs 155.62 crore. Lighthouse India Fund III's shareholding has now declined to 1.4 per cent from 2.7 per cent, shareholding data with the BSE showed post this transaction.

On the other hand, Plutus Wealth Management LLP has acquired 13.5 lakh shares of Bikaji Foods International, the other buyers were not disclosed. With this, shares of Bikaji Foods International jumped 6.12 per cent to close at Rs 511.70 apiece on the BSE.

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In another bulk deal on BSE, Investcorp Private Equity Fund II sold shares of Safari Industries (India) for nearly Rs 81 crore through an open market transaction. Safari Industries (India) Ltd shares fell 1.49 per cent to close at Rs 3,737 per piece on the BSE post the share sale.

According to BSE’s bulk deal data, Investcorp Private Equity Fund II sold more than 2.13 lakh shares, at an average price of Rs 3,775.06 apiece, taking the deal value to Rs 80.72 crore.