One of the sources said that the proposed block deal was likely to be launched soon with investment banks Kotak Mahindra Capital and ICICI Securities acting as advisors.
The promoter entity of Computer Age Management Services Ltd. has sold 19.8% stake for Rs 2,700 crore via a block trade.
Among the buyers of the stake, India Acorn Icav bought 11 lakh shares (2.24%), Morgan Stanley Asia Singapore Pte. bought 7.61 lakh shares (1.54%), Societe Generale bought 12.11 lakh shares (2.46%) at Rs 2,766 apiece.
Ambuja Cements bought about 133 million shares of Sanghi Industries worth ₹1,627 crore in a block deal on NSE on Tuesday. The shares were purchased at ₹121.9 apiece. The sellers included Sanghi Industries promoters Alok Sanghi, Aditya Sanghi, Sanghi Polymers and Samruddhi Investors Services, among others.
The VC firm is offering 61 lakh shares or 1.9% stake in the personal care products maker. The deal is expected to be worth Rs 230 crore. The floor price for the sale is set at Rs 368.7-384.1 a share, representing upto 4% discount from the current market price.
Bank of America and Morgan Stanley acted as advisers to the deal. Among the buyers in the deal were marquee funds including Goldman Sachs, Fidelity Investments, Morgan Stanley, Vanguard, Societe Generale, ADIA.