QRG Investments Divests 3.4% Stake in Awfis Space Solutions for ₹141 Crore
QRG Investments and Holdings, a promoter of Havells India, sold a 3.4% stake in Awfis Space Solutions for ₹141 crore through an open market transaction. The deal, executed at an average price of ₹585.14 per share, reduced QRG's holding in the co-workspace solutions provider to 0.75% from 4.11%.
HSBC Mutual Fund emerged as a buyer, acquiring a 1.28% stake in Awfis for ₹53.72 crore at ₹585 per share. Shares of Awfis closed 1.87% lower at ₹575.90 on the NSE following the transaction.