Bulk Offers: Marina III Singapore exits Craftsman Automation; sells shares price Rs 370 crore


Personal fairness agency Marina III Singapore Pte on Tuesday divested its total 5.48 per cent stake in engineering firm Craftsman Automation Ltd for Rs 370 crore by means of an open market transaction.

In line with the majority deal information out there with the BSE, Marina III Singapore Pte offloaded 11,56,808 shares, amounting to five.48 per cent stake within the firm.

The shares had been offered at a mean worth of Rs 3,200 per scrip, taking the transaction worth to Rs 370 crore.

On Tuesday, White Oak Capital Administration Consultants LLP, Abu Dhabi Funding Authority and India Acorn ICAV acquired a complete of seven.02 lakh scrips of the corporate.

As of quarter ended September, Marina Singapore III Pte owned 5.48 per cent stake within the firm, in response to change information.

Shares of Craftsman Automation closed 0.23 per cent greater at Rs 3,274 per share on BSE.

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In a separate transaction, Fennel Pvt Ltd offered 6.01 lakh shares of restaurant operator Sapphire Meals India Ltd for Rs 84 crore by means of an open market transaction.

Sapphire Meals India is an omnichannel restaurant operator and the most important franchisee of Yum Manufacturers within the Indian subcontinent.

Fennel Pvt Ltd offloaded 6,01,947 shares, amounting to almost 1 per cent stake within the firm, as per the majority deal information out there with the BSE.

The shares had been offered at a mean worth of Rs 1,390 apiece, taking the mixture worth to Rs 83.67 crore.

Nevertheless, purchaser(s) of the shares couldn’t be recognized.

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As of quarter September 2022, Fennel held 2.77 per cent stake within the firm, shareholding information confirmed with the bourse.

Shares of Sapphire Meals India closed 1.64 per cent greater at Rs 1,396.10 per share on BSE.





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