Through separate deals, ICICI Prudential Life Insurance Co, ICICI Prudential Mutual Fund, IIFL Securities, Societe Generale and Unifi Capital have bought shares of KFin Technologies.
Mankind Pharma is majority-owned by promoters at 76.5% stake, while the public owns the remaining 23.5%. Among the public shareholders, mutual funds own 3.9%, while foreign investors have another 3.9%. Shares of the company delivered 30% returns over a 12-month period, outperforming the Nifty Index, which has given nearly 13% returns during this time.
TPG Capital, through one of its affiliates TPG Asia Vii Sf Pte, sold 89,07,493 shares of Five-Star Business or 3.05% stake at Rs 730 apiece, aggregating around Rs 650 crore, according to bulk deals data on the National Stock Exchange. As of September end, the global private equity fund held 14.29% stake in the NBFC.
The shares were bought at Rs 59.09 apiece, a 4% discount to the previous closing price of the stock. Besides GMR Airports in the transport infrastructure space, GQG Partners also has investments in various companies of ADani Group, including Adani Enterprises, which operates the Mumbai international airport.