Hong Kong-based capital markets agency CLSA has diminished its holding in Edelweiss Monetary Companies by promoting stake value Rs 100 crore by way of open market transactions, as per the NSE bulk deal knowledge obtainable on Wednesday.
CLSA World Markets Pte. Ltd-ODI, the entity by way of which CLSA held stake within the firm, bought 1.13 crore shares at Rs 88.55 apiece.
The quantity of shares bought represented 1.19% stake within the firm.
The majority of the offloaded stake has been mopped up by Miri Strategic Rising Markets Fund LP, which purchased round 1.11 crore shares, or 1.17% stake, at Rs 88.55 apiece. This takes the transaction worth to Rs 98 crore.
The US-based Miri Strategic Rising Markets Fund LP is an fairness hedge fund managed by MIRI Capital Administration. Particulars of the opposite consumers of Edelweiss Monetary Companies shares couldn’t be decided.
Notably, the vendor – CLSA World Markets – held 5.74% stake or 5.42 crore shares in Edelweiss Monetary Companies as of March 31, 2025, as per the shareholding knowledge obtainable on the BSE. The newest stake sale considerably trimmed its stake within the firm.
Shares of Edelweiss Monetary Companies on Wednesday closed 1.28% decrease at Rs 87.55 apiece on the NSE, in comparison with a 0.36% uptick within the benchmark Nifty 50. The inventory has risen 17.36% within the final 12 months however fallen 31.84% on a year-to-date foundation.
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