Fireside Ventures Investment Fund I divested shares worth Rs 230.15 crore in Honasa Consumer, Mamaearth’s parent company, through open market transactions on December 5. This sale comprised 60.88 lakh shares at an average price of Rs 378 per share. While Fireside previously held 2.43 crore shares, constituting 7.57 percent of Honasa’s equity as of September 2023, Norges Bank, representing the Government Pension Fund Global, acquired 24.98 lakh shares at the same average price.
This move impacted Honasa’s stock, leading to a 5 percent decline to Rs 363.85 on the BSE. Additionally, Sanghi Industries witnessed significant activity as Ambuja Cements purchased a substantial 51.68 percent stake valued at Rs 1,627.3 crore.
Simultaneously, several promoters and entities within Sanghi Industries sold shares at the same price, exiting their positions.
Shriram Properties experienced a surge of 7 percent to Rs 127.50, with various entities like Tara Emerging Asia Liquid Fund, BNP Paribas Arbitrage, and OHM Enterprises acquiring shares. Conversely, TPG Asia SF V Pte Ltd sold 1,67,56,351 equity shares in Shriram Properties, totaling Rs 190.01 crore.
In logistics, Snowman Logistics saw a 2.6 percent increase to Rs 59.56, attributed to Gateway Distriparks acquiring 8.5 lakh shares. Swan Energy rose by 6.7 percent to Rs 446.40 as SBI Life Insurance Company and Societe Generale purchased shares. However, various entities like 2I Capital PCC, Kasturi Vintrade, and Ares Diversified sold Swan Energy shares.
Sapphire Foods India experienced a 1.7 percent decline to Rs 1,422.50 after a sizable block trade where Arinjaya (Mauritius) sold a 4.24 percent stake. In contrast, the Government of Singapore increased its holding by purchasing an additional 3.17 percent stake. As of September 2023, the Government of Singapore held a 1.83 percent stake in Sapphire Foods.
