SJS Enterprises’ promoter entity -- Evergraph Holdings Pte has divested a 29.5 per cent stake in the company for nearly Rs 550 crore through open market transactions. As per bulk deal data available with NSE, Evergraph Holdings Pte offloaded a total of 91,64,033 shares in two tranches, amounting to a 29.52 per cent stake in SJS Enterprises.
The shares were sold in the range of Rs 600-600.06 apiece, taking the combined transaction value to Rs 549.86 crore. Aditya Birla Sun Life Mutual Fund (MF), Quant MF, Sundaram MF, Morgan Stanley Asia Singapore Pte, Societe Generale, Alchemy Emerging Leaders of Tomorrow and Florida Retirement System Allspring Global Investments LLC EMSC, among others were the buyers of shares of SJS Enterprises.
SJS Enterprises is one of the leading players in the Indian decorative aesthetics industry, offered the widest range of aesthetics products in India.
