Temasek’s arm pares 1.4 pc stake in Godrej Agrovet for over Rs 212 cr

New Delhi, Sep 13 (PTI) V-Sciences Investments, an arm of Temasek Holdings, on Friday divested a 1.4 per cent stake in Godrej Agrovet for more than Rs 212 crore through an open market transaction.

Temasek Holdings is a state-owned multinational investment firm in Singapore. As of March 31, 2024, the investment company held an SGD 389 billion of portfolio value.

According to the bulk deal data available on the National Stock Exchange (NSE), V-Sciences Investments offloaded 27.10 lakh shares, or 1.41 per cent stake, in Godrej Agrovet.

The shares were disposed of at an average price of Rs 785.13 apiece, taking the deal value to Rs 212.77 crore.

After the stake sale, V-Sciences Investments’ holding in Godrej Agrovet has declined to 6.36 per cent from 7.77 per cent.

Details of buyers of Godrej Agrovet’s shares could not be identified.

In May 2022, Temasek trimmed its stake by selling 40 lakh shares of agri firm Godrej Agrovet for Rs 197 crore. Before that, the Singaporean global investment company in February 2020 sold shares of the company for Rs 204 crore.

Shares of Godrej Agrovet rose 1.57 per cent to close at Rs 794 apiece on the NSE.

In a separate bulk deal on the NSE, Medimatter Health Management, one of the promoters of Medi Assist Healthcare Services, on Friday sold a 4.73 per cent stake in the company for over Rs 211 crore.

As per the data, Medimatter Health Management offloaded 33.30 lakh shares, amounting to a 4.73 per cent stake in Medi Assist Healthcare Services.

The shares were disposed of at an average price of Rs 635.33 apiece, taking the deal value to Rs 211.56 crore.

After the latest transaction, the holding of promoter and promoter group entities in Medi Assist Healthcare Services has come down to 34.12 per cent from 38.85 per cent.

Meanwhile, Aditya Birla Sun Life Mutual Fund (MF), HDFC MF and ICICI Prudential MF acquired 21.50 lakh shares, representing a 3.06 per cent stake in Medi Assist Healthcare Services.

The shares were picked at an average price of Rs 635 apiece, taking the transaction size to Rs 136.52 crore.

Details of the other buyers of Medi Assist Healthcare Services could not be identified.

The scrip of Medi Assist Healthcare Services slipped 1.45 per cent to end at Rs 658 apiece on the NSE.

California-based Bessemer Venture Partners, another promoter entity of Medi Assist Healthcare Services last week pared a 13.5 per cent stake in the company for Rs 580 crore.

In another transaction, Abu Dhabi Investment Authority (ADIA) and two others picked up a 1.04 per cent stake in Edelweiss Financial Services for over Rs 122 crore through open market transactions.

As per the block deal data, ADIA, UK-based Ashoka India Equity Investment Trust Plc and India Acorn ICAV bought 98.79 lakh shares or 1.04 per cent stake in Edelweiss Financial Services.

The shares were purchased at an average price of Rs 124 apiece, taking the combined transaction value to Rs 122.49 crore.

These shares were sold by Edelweiss Employees Welfare Trust on the NSE.

Additionally, Edelweiss Employees Welfare Trust offloaded 50 lakh shares of Edelweiss Financial Services at an average price of Rs 114.12 apiece, according to the bulk deal data on the BSE.

This took the deal value to Rs 57.06 crore.

Details of the buyers of Edelweiss Financial Services shares could not be ascertained on the BSE.

On Friday, shares of Edelweiss Financial Services rallied 10 per cent each to close at Rs 125.14 and 125.15 per piece on the NSE and BSE.