SBI Mutual Fund Sells 4.7% Stake In National Highways Infra Trust For Rs 815 Crore

SBI Mutual Fund Sells 4.7% NHIT Stake for Rs 815 Crore via Open Market.

Expert Analysis :

• SBI MF’s NHIT Stake Sale: Sold 4.7% stake in NHIT for Rs 815 crore via an open market transaction; NHIT supports the National Monetisation Pipeline.

• Stake Reduction Details: SBI Mutual Fund sold 6.10 crore NHIT units, reducing its stake from 9.34% to 4.69%, at an average price of Rs 133.50, totaling Rs 814.7 crore.

• Key Buyers: Larsen & Toubro and Vidyaniti LLP acquired 5.99 crore NHIT units for Rs 799 crore; L&T bought 2.24 crore units (1.71%), and Vidyaniti LLP purchased 3.74 crore units (2.85%). Other buyers remain unidentified.

• NHIT Gains & Regulatory Approval: NHIT units rose 1.14%, closing at Rs 133.50 on NSE; CCI approved NHIT Southern Projects' 20-year concession for 11 road projects under the Toll-Operate-Transfer model.

• NHIT Subsidiary & Bajaj Finance Deal: NHIT Southern Projects is a wholly owned subsidiary of NHIT; Bajaj Finance sold 25.27 lakh AGS Transact shares for Rs 3 crore via an open market transaction.

• Bajaj Finance Share Sale: Sold 25.27 lakh AGS Transact shares at an average price of Rs 11.34 per share, totaling Rs 2.86 crore.

• AGS Transact Update: Buyers remain unidentified; AGS Transact shares declined 4.80%, closing at Rs 11.30 on NSE.