Hong Kong-based capital markets firm CLSA has reduced its holding in Edelweiss Financial Services by selling stake worth Rs 100 crore through open market transactions, as per the NSE bulk deal data available on Wednesday.
CLSA Global Markets Pte. Ltd-ODI, the entity through which CLSA held stake in the company, sold 1.13 crore shares at Rs 88.55 apiece.
The amount of shares sold represented 1.19% stake in the company.
The bulk of the offloaded stake has been mopped up by Miri Strategic Emerging Markets Fund LP, which bought around 1.11 crore shares, or 1.17% stake, at Rs 88.55 apiece. This takes the transaction value to Rs 98 crore.
The US-based Miri Strategic Emerging Markets Fund LP is an equity hedge fund managed by MIRI Capital Management. Details of the other buyers of Edelweiss Financial Services shares could not be determined.
Notably, the seller - CLSA Global Markets - held 5.74% stake or 5.42 crore shares in Edelweiss Financial Services as of March 31, 2025, as per the shareholding data available on the BSE. The latest stake sale significantly trimmed its stake in the company.
Shares of Edelweiss Financial Services on Wednesday closed 1.28% lower at Rs 87.55 apiece on the NSE, compared to a 0.36% uptick in the benchmark Nifty 50. The stock has risen 17.36% in the last 12 months but fallen 31.84% on a year-to-date basis.
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