Lighthouse Advisors pares over 2% stake in V2 Retail for Rs 85 crore

Quick Summary:

Private equity firm Lighthouse Advisors on Monday divested a 2 per cent stake in value retail chain V2 Retail for Rs 85 crore via open market transaction, while Motilal Oswal Mutual Fund acquired shares of the company.

The Mumbai-based Lighthouse Advisors through its affiliate India 2020 Fund II Ltd sold over 7.34 lakh shares, amounting to a 2.12 per cent stake in V2 Retail, as per the block deal data available on the NSE.

These shares were purchased by Motilal Oswal Mutual Fund at the same price, the data showed on the National Stock Exchange (NSE).

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Article Details

Category: BusinessFinance

Markets: India

Topics: Lighthouse Advisors Motilal Oswal Mutual Fund V2 Retail Divestment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-23 @ 23:17:52 (5 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 336 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22662940

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