Other buyers in the block deal included East Bridge Capital Master Fund, Societe Generale, Smallcap World Fund, and PI Opportunities AIF. Carlyle was the official seller in the transaction under its unit CA Dawn Investments.
| Fund | No. Of Shares Bought |
| East Bridge Capital | 21.68 Lakh |
| Societe Generale ODI | 18.8 Lakh |
| Smallcap World Fund | 18.28 Lakh |
| PI Opportunities AIF | 16.92 Lakh |
| Abakkus Emerging Opportunities Fund | 12.1 Lakh |
As many as 2.53 crore shares of Indegene, amounting to 10.56% of the company’s outstanding equity changed hands in Wednesday’s block deal. Shares changed hands at an average price of ₹591 per share.
With this deal, Carlyle has made a complete exit from Indegene. At the end of the March quarter, CA Dawn Investments had a 10.2% stake in the company.
Barring the Smallcap World Fund, which had 1.19% stake in Indegene at the end of the March quarter, none of the other buyers in Wednesday’s block had any prior stake in the company.
Indegene has no promoter shareholding, while retail shareholders, or those with authorised share capital of up to ₹2 lakh, had a 7.7% stake in the company at the end of the March quarter.
Shares of Indegene ended 4% lower on Wednesday at ₹594.5. Having listed a year earlier in May, shares of Indegene are currently trading 31% higher than their IPO price of ₹452. However, they are 20% below their post-listing high of ₹736.
