Lighthouse Advisors Sells 2% Stake in V2 Retail for Rs 85 Crore Amid Market Activity

Private equity firm Lighthouse Advisors sold a 2% stake in V2 Retail for Rs 85 crore through an open market transaction. Motilal Oswal Mutual Fund acquired these shares. According to NSE block deal data, Lighthouse Advisors, via India 2020 Fund II Ltd, sold over 7.34 lakh shares, representing a 2.12% stake in V2 Retail.

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Stake Sale and Market Impact

The shares were sold at an average price of Rs 1,160 each, bringing the transaction value to Rs 85.23 crore. Following this sale, Lighthouse Advisors' stake in V2 Retail decreased from 6.36% to 4.24%. Motilal Oswal Mutual Fund purchased the shares at the same price, as per NSE data.

Shares of V2 Retail saw a 5% increase, closing at Rs 1,223.70 on the NSE. Meanwhile, SBI Mutual Fund bought a 2.3% stake in Alicon Castalloy for Rs 48 crore through another open market transaction on the BSE.

Details of Alicon Castalloy Transaction

SBI Mutual Fund acquired 3.72 lakh shares of Alicon Castalloy at an average price of Rs 1,300 each, making the total deal worth Rs 48.41 crore. Rajeev Sikand and a promoter entity of Alicon Castalloy jointly sold 3.59 lakh shares at the same price.

The identity of other sellers involved in the Alicon Castalloy transaction remains undisclosed on the BSE. On Monday, Alicon Castalloy's shares dropped by 2.47%, closing at Rs 1,337.90 on the NSE.

These transactions highlight significant movements in shareholdings for both V2 Retail and Alicon Castalloy, reflecting active trading activities in the market.