Major Stake Sales in Godrej Agrovet, Medi Assist, and Edelweiss Financial Services

Temasek Holdings' V-Sciences Investments sold a 1.4% stake in Godrej Agrovet for Rs 212.77 crore. Medimatter Health Management offloaded a 4.73% stake in Medi Assist Healthcare Services for Rs 211.56 crore. Abu Dhabi Investment Authority and others acquired a 1.04% stake in Edelweiss Financial Services for Rs 122.49 crore.

V-Sciences Investments, an arm of Temasek Holdings, on Friday divested a 1.4% stake in Godrej Agrovet for over Rs 212 crore through an open market transaction. The state-owned multinational investment firm from Singapore held an SGD 389 billion portfolio as of March 31, 2024.

According to the bulk deal data from the National Stock Exchange (NSE), V-Sciences Investments offloaded 27.10 lakh shares, or a 1.41% stake, in Godrej Agrovet at an average price of Rs 785.13 per share, totaling Rs 212.77 crore. This transaction reduced their holding from 7.77% to 6.36%.

Additionally, Medimatter Health Management sold a 4.73% stake in Medi Assist Healthcare Services for over Rs 211 crore in a separate bulk deal on the NSE. They offloaded 33.30 lakh shares at Rs 635.33 apiece. Following this deal, their stake decreased from 38.85% to 34.12%.

Intriguingly, Abu Dhabi Investment Authority, UK-based Ashoka India Equity Investment Trust Plc, and India Acorn ICAV acquired a 1.04% stake in Edelweiss Financial Services for Rs 122.49 crore through a block deal. The shares, sold by Edelweiss Employees Welfare Trust, were purchased at an average price of Rs 124 per share.

(With inputs from agencies.)