Florintree Capital Partners, led by Mathew Cyriac, has exited its investment in Data Patterns (India) Ltd, selling its entire 10.71% stake worth about Rs 1,100 crore. The company has also received investments from Singapore s GIC, Mirae Mutual fund, HDFC Mutual Fund, and Kotak Mahindra Mutual Fund. Data Patterns, a defence and aerospace electronics solutions provider, has seen a 21x return in less than three years.
The IPO committee of the company at its meeting held on December 12, 2023, in consultation with the book running lead managers to the offer, has finalized allocation of 68,06,961 equity shares, to anchor investors at an anchor investor allocation price of Rs 790 per equity share.
An SIP of Rs 10,000 invested systematically every month in HDFC Top 100 Fund would have grown to Rs 6.88 crore by September. The HDFC Top 100 fund, which predominantly invests in largecap stocks, has completed 27 years since its launch. The scheme has given around 14% returns on SIP investments made for a period of 10-15 years.
SBI MF sold shares worth Rs 1,736 crore bringing its holding to 2.92%, while UTI MF sold shares worth Rs 508 crore. Meanwhile, Nippon MF and HDFC MF sold shares worth Rs 302 crore and Rs 205 crore, respectively, reducing its holding in Jio Financial Services to 4.6% and 2.3%.