Sagility India promoter entity Sagility B.V., backed by private equity firm EQT, has launched a Rs 2,671 crore offer-for-sale (OFS). The sale includes up to 15.02% of the company’s equity, with a floor price of Rs 38 per share — an 11.4% discount to the last closing price. The OFS opens for non-retail investors on May 27 and for retail investors on May 28. This marks the second major stake sale by the promoter after the Rs 2,106 crore IPO in November 2023.
FPIs offload Rs 17,741 crore in July, trend may reverse after trade tensions wane
As foreign portfolio investors (FPIs) became net sellers in the Indian equity market in July, analysts said on Sunday that continuous FPI inflows can be