True Norths Threpsi Care Divests 1.23% Stake in Zydus Wellness

In a significant transaction, True North's arm, Threpsi Care LLP, divested a 1.23% stake in Zydus Wellness for Rs 127 crore through an open market transaction on Thursday. The buyers of Zydus Wellness shares were Zydus Family Trust and SBI Mutual Fund.

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Details of the Transaction

Threpsi Care LLP sold 7.80 lakh shares, representing a 1.23% stake in Zydus Wellness, as per the block deal data available with the National Stock Exchange (NSE). The shares were offloaded at an average price of Rs 1,632 apiece, resulting in a deal size of Rs 127.30 crore. Consequently, Threpsi Care LLP's shareholding in Zydus Wellness has decreased to 10.12% from the 11.35% stake held at the end of the September quarter.

Stock Market Performance

Following the transaction, the scrip of Zydus Wellness witnessed a slight gain of 0.43%, closing at Rs 1,641 per share on the NSE.

Additional Transactions

In a separate development on the NSE, ICICI Prudential Mutual Fund and SBI Mutual Fund offloaded a combined 56.25 lakh shares of Indiabulls Housing Finance for Rs 123 crore through open market transactions. ICICI Prudential Mutual Fund sold 25.34 lakh shares, while SBI MF disposed of 30.90 lakh shares of Indiabulls Housing Finance, as per the bulk deal data on the NSE. The shares were offloaded within a price range of Rs 218.16-218.74 apiece, resulting in a combined transaction value of Rs 122.86 crore.

Notable Acquisition

In a significant acquisition, Mathew Cyriac purchased 25 lakh shares of Indiabulls Housing Finance at an average price of Rs 213.53, amounting to an aggregate deal value of Rs 53.38 crore, as per the available data. Details regarding other buyers involved in the transaction remain undisclosed.

Stock Market Performance

On Thursday, shares of Indiabulls Housing Finance experienced a rise of 1.07%, settling at Rs 217.50 apiece on the NSE.

These transactions highlight the ongoing activities and dynamics within the Indian stock market, involving prominent institutional investors and significant share movements.