The promoter has raised ₹350 crore in debt from Modulus Alternatives to help with the buyout. The fund, borrowed at the promoter level, is being used to refinance the debt.
A report had said that early investors, Lavender Rose and PI (Premji Invest) Opportunities Fund, were together looking to sell an 8.1 percent stake in the company through block deals
Sectorally, buying was seen in consumer durables, realty, metals, and telecom stocks while selling was seen in oil & gas, utilities, public sector, and FMCG.