9 months ago
Sagility Promoters to Sell Up to 16.4% Stake at ₹46.4/Share
Some of the main owners of a company called Sagility, which helps other companies with technology in healthcare, are planning to sell a part of their ownership.
They might sell up to 16.4% of the company.
This sale will happen through special stock market deals.
The price they want to sell it for is set at ₹46.4 for each share, which is a little lower than the current price.
Sagility has been doing well recently, with more profit and sales than last year.
They also announced they will give a small amount of money, a dividend, to their shareholders.
The company has many employees and offices in different countries.
Sagility Ltd promoters are likely to sell up to 16.4% of their stake in the company.
The sale will be conducted through block deals with a floor price of ₹46.4 per share.
This floor price represents an 8% discount to the company's current market price.
Sagility reported a significant increase in net profit, revenue, and EBITDA in the recent financial period.
The company's Board declared an interim dividend of ₹0.05 per share for FY26.
- Who
- Promoters of Sagility Ltd
- What
- Likely to sell up to 16.4% stake in the company through block deals.
- Where
- Not specified, but the company has a presence across five countries.
- When
- Implicitly, following the announcement and in the near future.
- Why
- To offload stake, with details on the specific motivation not provided.
Key facts
- Company
- Sagility Ltd
- Stake being sold
- Up to 16.4% (10% base + 6.4% green shoe)
- Sale price floor
- ₹46.4 per share
- Discount to CMP
- 8%
- Net Profit (Year-on-year)
- Increased over twofold to ₹251 crore
- Revenue (Year-on-year)
- Grew 25.2% to ₹1,658 crore
- EBITDA (Year-on-year)
- Increased 37.7% to ₹415 crore
- Interim Dividend
- ₹0.05 per share for FY26
Quotes
Ramesh Gopalan
Managing Director and Group CEO of Sagility Ltd
“As our clients continue to deal with profitability pressures, we are bringing our domain expertise and transformational capabilities to help them reduce the cost of operations”
CNBC TV 18
