Lighthouse Advisors through its affiliate India 2020 Fund II has sold over 7.34 lakh shares, amounting to a 2.12 per cent stake in V2 Retail. As per the block deal data available on the NSE, the shares were offloaded at an average price of Rs 1,160 apiece, taking the transaction value to Rs 85.23 crore. After the stake sale, Lighthouse Advisors' holding in V2 Retail has come down to 4.24 per cent from 6.36 per cent.
These shares were purchased by Motilal Oswal Mutual Fund at the same price.
V2 Retail offers an unparalleled retail mix combined with value and variety to its shoppers.
