ADIA, Kedaara Capital, Ashoka WhiteOak Among 12 Investors Acquire 3.8% Stake in CP Plus.

Aditya Infotech Shareholding Update

On February 25, 12 investors, including Abu Dhabi Investment Authority, Kedaara Capital, and Ashoka WhiteOak, acquired a 3.8% stake in Aditya Infotech, the technology-driven security solutions provider under the brand CP Plus, via open market transactions.

The company's shares rebounded sharply on February 25, rising 6.86% to Rs 1,575.7 amid high volumes on the NSE.

Promoter Shareholding Update

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The promoters of Aditya Infotech, Hari Khemka Business Family Trust and Rishi Khemka, sold a total of 5.8% shares in the company to meet the minimum public shareholding norms. Hari Khemka Business Family Trust sold 17.66 lakh shares (equivalent to 1.5% of paid-up equity) for Rs 260 crore at a price of Rs 1,471.3 per share. Rishi Khemka sold 0.5% stake in the company.

As a result, the total stake selling by promoters was 2%, bringing down their total shareholding in the company below the 75% mark at 74.91%, while the public float stands at 25.09%.

Dixon Technologies Shareholding Update

Dixon Technologies, an investor and electronics manufacturing services provider, offloaded 44.95 lakh shares ( 3.8% stake) in the company to 12 investors via block deals for Rs 660.89 crore. The transaction price was Rs 1,470 per share.

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Investor Acquisitions

The biggest buyers amongst the investors were Motilal Oswal Mutual Fund and Kotak Mahindra Mutual Fund, each acquiring 12.2 lakh CP Plus shares for Rs 179.92 crore. Other investors included TNTBC as the Trustee of Nomura India Stock Mother Fund, Axis Mutual Fund, HDFC Life Insurance Company, 360 ONE Mutual Fund, WhiteOak Capital MF, Abu Dhabi Investment Authority Stable, Kedaara Capital Public Markets Fund I, Invesco Mutual Fund, and Ashoka WhiteOak India Opportunities Fund.