Overview

• Carlyle affiliate CA Dawn Investments offloaded 2.44 crore shares at Rs 591.02–591.84 apiece, raising Rs 1,447.17 crore.
• The sale completes a phased exit since Indegene’s May 2024 IPO, with earlier divestments at Rs 452 and Rs 618 per share delivering a 31% internal rate of return.
• Premji Invest’s PI Opportunities AIF V, Capital Group, Societe Generale, Eastbridge Group and Abakkus Asset Manager collectively acquired 1.06 crore shares for Rs 626.85 crore.
• Kotak Securities Ltd and IIFL Capital Services Ltd served as bookrunners for the block deal.
• Indegene shares closed 4.07% lower at Rs 594.50 on the NSE following the transaction.