India Shelter Finance Bulk Deal: Nexus Venture Partners' Units Sell Stake For Rs 425 Crore
Kotak Mahindra Mutual Fund acquired up to 45.28 lakh shares (4.19%) for Rs 385 crore at a price of Rs 850.87 apiece.
US-based Nexus Venture Partners' units offloaded a 4.63% stake in India Shelter Finance Corp. for Rs 424.9 crore through an open market transaction on Tuesday.
Nexus Opportunity Fund II sold 13.28 lakh shares or a 1.23% stake, while Nexus Ventures III offloaded 36.7 lakh shares, representing a 3.4% stake, at Rs 850.88 apiece, according to the NSE bulk deal data.
Nexus Opportunity Fund II and Nexus Ventures III held 4.05% and 11.2% stakes respectively in the housing finance firm as of March 2025.
Kotak Mahindra Mutual Fund acquired up to 45.28 lakh shares (4.19%) for Rs 385 crore at a price of Rs 850.87 apiece.
In 2024, the Nexus Ventures Iii Ltd. sold 49.53 lakh shares or a 4.61% stake, while Nexus Opportunity Fund LI offloaded 14.46 lakh shares or a 1.34% equity in India Shelter Finance Corp. at Rs 752.35 apiece.
Shares of India Shelter Finance closed 0.31% lower at Rs 879.35 apiece on the National Stock Exchange, compared to a 0.24% rise in the benchmark Nifty.
