By means of its affiliate Sequoia Capital India Investments IV, the enterprise capital agency offered 20,00,000 shares as a part of a bulk deal at Rs 1,140.14 a chunk, knowledge on the Nationwide Inventory Trade confirmed.
Sequoia Capital is the only largest public shareholder in
holding 13.88% stake as on September 30.
The massive sale by the investor exerted strain on the inventory. It ended 5% down at Rs 1,136.60. Sequoia offered the stake at a 4.7% low cost to Friday’s closing worth of Rs 1,196.80.
Shares of Go Trend have given constructive returns to buyers in 2022, because it has web gained greater than 6%.
In a separate deal, Canara Robeco Mutual Fund purchased 0.6% stake within the firm for over Rs 36 crore.
Canara Robeco would be the fifth home mutual fund holding stake within the firm.
, Kotak Mutual, Mutual Fund, and Axis Mutual Fund are the opposite home institutional buyers that cumulatively held about 18% stake within the attire firm.
(Disclaimer: Suggestions, solutions, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Instances)