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Mumbai: Sagility India has secured an investment of \u20b9366 crore from a group of nine institutional investors, including Adani Properties.<\/p>\n
This investment comes just days before the company\u2019s highly anticipated \u20b92,107 crore initial public offering (IPO), set to open on November 5.<\/p>\n
Sagility BV, the parent company of Sagility India and an affiliate of EQT Private Capital Asia, sold a 2.61% stake in the company through this transaction. The shares were sold at \u20b930 each, the upper end of the IPO price band12. Among the investors, 360 ONE and Avendus Future Leaders Fund II were notable participants, acquiring significant stakes.<\/p>\n
The Gautam Adani-owned Adani Properties purchased a 0.14% stake for \u20b920 crore. This strategic investment highlights the growing interest in Sagility India, a technology-enabled service provider for the US healthcare sector, known for its innovative solutions for insurance companies and healthcare providers.<\/p>\n
Sagility India\u2019s IPO will be entirely an offer-for-sale, with the promoter, Sagility BV, offloading 70.2 crore shares. The IPO aims to raise \u20b92,107 crore, with the proceeds going solely to the promoter. The company, valued at \u20b914,044 crore, reported a revenue of \u20b94,753.56 crore for FY24, marking a 12.7% increase from the previous year.<\/p>\n
The IPO will be open for subscription from November 5 to November 7, with shares expected to be listed on the BSE and NSE. This move is seen as a significant step for Sagility India as it continues to expand its footprint in the healthcare services sector.<\/p>\n<\/p><\/div>\n
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[ad_1] \u00a0 Mumbai: Sagility India has secured an investment of \u20b9366 crore from a group of nine institutional investors, including Adani Properties. This investment comes just days before the company\u2019s highly anticipated \u20b92,107 crore initial public offering (IPO), set to open on November 5. Sagility BV, the parent company of Sagility India and an affiliate […]<\/p>\n","protected":false},"author":1,"featured_media":50659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-50658","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nation"],"jetpack_featured_media_url":"https:\/\/thenftimes.com\/wp-content\/uploads\/2024\/11\/Adani-and-Others-Invest-Rs-366-Crore-in-Sagility-India-Ahead-of-Rs-2107-Crore-IPO.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/50658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=50658"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/50658\/revisions"}],"predecessor-version":[{"id":50660,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/50658\/revisions\/50660"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media\/50659"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=50658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=50658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=50658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}