Buy / Sell Rainbow Child share
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CDC sold 96.3 lakh shares at Rs 735.55 each and another 50.3 lakh shares at Rs 735 apiece in the transactions. The company's pre-IPO lock-in period had expired on November 5 this year, leaving 22.7 percent of the shareholding free to be sold.
Among the buyers in the transaction were some key marquee funds. Some prominent names that featured in the BSE data include:
Kancharla clarified that promoter entities have not bought any stake in these transactions and the list of the remaining buyers will be disclosed soon.
On the question of inorganic growth, Kancharla said that there may not be any deal closure in the current financial year. He added that the company is looking for a deal that aligns with their business model and adds to their scale. "We are open about it. Of course, when the right opportunity comes, we will look at it," he said.