Particle.news

Download on the App Store

Carlyle Group Sells Final 10.2% Stake in Indegene for Rs 1,447 Crore

Institutional investors purchased 4.42% of the company following Indegene’s Rs 1,176 crore March-quarter net profit.

Image
Indegene block deal: Stock in focus as CA Dawn Investments to sell 10.2% stake today
Image

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.