Vishal Sood, managing director and partner at SAIF Partners, a private equity and venture capital firm, has nearly halved his fund’s stake in Blue Star by selling shares worth Rs 163 crore. Post the sale, SAIF India IV FII Holdings’ stake has reduced from 4.95% to 2.84%. SAIF has been holding Blue Star since June, 2012, when it purchased 950,000 shares for Rs. 16.77 crore. Back then, SAIF’s average buying price was Rs.175.
SAIF Partners pockets another bonanza by reducing its holding in Blue Star
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