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Docon offloads 10% stake worth Rs 668 crore in Thyrocare; ICICI, Aditya Birla MF among buyers

IndianStartupNews

IndianStartupNews · 6h ago

Docon offloads 10% stake worth Rs 668 crore in Thyrocare; ICICI, Aditya Birla MF among buyers

Docon Technologies, a promoter entity of Thyrocare Technologies, sold around 10% of its stake in Thyrocare, totaling about 53.33 lakh shares worth Rs 668 crore. The sale reduced Docon's stake from 71% to 61%. Key buyers included ICICI Prudential Mutual Fund and Aditya Birla Sun Life Mutual Fund. Despite the sale, Docon maintains a controlling interest in Thyrocare. Shares of Thyrocare saw a 1.99% increase, closing at Rs 1,269.70 on the NSE.

Related News

PharmEasy Sells 10% Stake In Thyrocare For INR 668 Cr

Inc42 · 4h ago

PharmEasy Sells 10% Stake In Thyrocare For INR 668 Cr

PharmEasy's subsidiary, Docon Technologies, sold a 10% stake in Thyrocare, equating to 53.3 lakh equity shares, through a bulk deal valued at INR 667.7 crore. This transaction valued each share at INR 1,252.03, slightly lower than Thyrocare’s closing price of INR 1,265.40. Consequently, PharmEasy's ownership in Thyrocare decreased from 70.98% to 60.93%. The shares were acquired by mutual funds, including Aditya Birla Sun Life and ICICI Prudential, among others.

Docon offloads 10% stake in Thyrocare for Rs 668 Cr

Entrackr

Entrackr · 9h ago

Docon offloads 10% stake in Thyrocare for Rs 668 Cr

Docon Technologies Pvt Ltd, a promoter entity of Thyrocare Technologies, has sold 53.33 lakh equity shares representing around 10% of the company’s total paid-up capital through open market transactions on October 24, 2025. The sale was valued at Rs 667.7 crore at an average price of Rs 1,252 per share, according to a stock exchange filing. Following the transaction, Docon’s shareholding in Thyrocare has come down from 71% to 61% and continues to remain a promoter of the diagnostics chain with 3.2 crore shares. The block sale saw strong participation from domestic mutual funds. Among the key buyers were ICICI Prudential Mutual Fund, which purchased 17.49 lakh shares worth Rs 218.9 crore, and Aditya Birla Sun Life Mutual Fund, which picked up 10.33 lakh shares for Rs 129.3 crore. Other prominent investors included HSBC Mutual Fund Midcap Fund (6.66 lakh shares for Rs 83.4 crore), HDFC Mutual Fund (4.44 lakh shares for Rs 55.5 crore), and Eastspring Investments India Consumer Equity Open Limited (3.19 lakh shares for Rs 40 crore). The stake sale comes on the back of leadership transition within the PharmEasy-Thyrocare group. In August 2025, PharmEasy’s co-founder and CEO Siddharth Shah stepped down from his executive role to become the company’s Vice Chairman, while Thyrocare’s chief Rahul Guha was elevated as the new MD and CEO of API Holdings, the parent entity of PharmEasy and Thyrocare. Guha continues to lead Thyrocare alongside his expanded responsibilities at API. Thyrocare recently announced its financial numbers for the second quarter of the ongoing fiscal year FY26, posting a strong performance in the quarter. The company’s revenue from operations grew 22% year-on-year (YoY) to Rs 216.5 crore in Q2 FY26 from Rs 177.36 crore in Q2 FY25. Thyrocare’s profit jumped 81% YoY to Rs 47.9 crore in Q2 FY26, compared to Rs 26.4 crore in the corresponding quarter last year. For the first half of FY26, the company recorded a net profit that grew 71% to Rs 86.1 crore from Rs 50.4 crore in H1 FY25.

Mirae Asset MF, BlackRock, others buy nearly 1% stake in AB Capital for Rs 568 cr

Economic Times

Economic Times · 4m ago

Mirae Asset MF, BlackRock, others buy nearly 1% stake in AB Capital for Rs 568 cr

Mirae Asset MF, BlackRock, and Goldman Sachs acquired a nearly 1% stake in Aditya Birla Capital, a financial services company, for Rs 568 crore through open market transactions. Other buyers included Motilal Oswal MF, Edelweiss MF, and HSBC MF. They purchased 2.34 crore shares at an average price of Rs 242.65 apiece. Meanwhile, Jomei Investments sold an equal number of shares, reducing its stake in Aditya Birla Capital from 3.84% to 2.94%.

Canada Pension Plan Investment Board Exits Delhivery By Selling Remaining 2.34 Cr Shares

Inc42 · 1y ago

Canada Pension Plan Investment Board Exits Delhivery By Selling Remaining 2.34 Cr Shares

Canada Pension Plan Investment Board (CPPIB) recently sold its shares in logistics unicorn Delhivery in multiple block deals worth INR 910.2 Cr. This comes after CPPIB had already offloaded 2.04 Cr shares in April, resulting in a complete exit from Delhivery. Several funds, including HSBC, ICICI Prudential, BofA Securities, Societe Generale, Aditya Birla Sun Life Mutual Fund, and Nippon India Mutual Fund, were among the buyers.

Accel, Peak XV, and Quick Routes pare stake in Zinka Logistics

YourStory

YourStory · 4m ago

Accel, Peak XV, and Quick Routes pare stake in Zinka Logistics

Early investors of BlackBuck, a truck-aggregation platform, have sold significant stakes shortly after its public debut. Flipkart offloaded its entire 9.01% stake for Rs 672 crore, while Accel sold a 2.7% stake for Rs 204 crore. Peak XV Partners also divested shares worth Rs 53.84 crore. Meanwhile, institutions like Abu Dhabi Investment Authority and ICICI Prudential acquired a 4.73% stake collectively. Separately, Flipkart sold its stake in Aditya Birla Fashion, impacting the latter's share price.

CPPIB to sell 2.34 crore shares in Delhivery in block deal

YourStory

YourStory · 1y ago

CPPIB to sell 2.34 crore shares in Delhivery in block deal

Canadian pension fund CPPIB has reportedly sold a 3.17% stake in Indian logistics company Delhivery. The sale, valued at INR 910.2 crore ($124.5m), was executed through a block deal, with shares trading at an average price of INR 388.45. Fidelity Funds, HSBC, Nippon India Mutual Fund, Aditya Birla Sun Life Mutual Fund, and ICICI Prudential Life Insurance were among the buyers. Delhivery recently reported a significant decrease in net loss for Q4 FY24 and turned EBITDA positive for the fiscal year. It has also received approval to set up a drone subsidiary to offer freight air transportation services.

SoftBank offloads 1.06% stake in Zomato for INR 1,127 Cr

Inc42 · 1y ago

SoftBank offloads 1.06% stake in Zomato for INR 1,127 Cr

Japanese tech investor SoftBank has sold 9.35 crore shares of foodtech giant Zomato in a block deal worth INR 1,127 crore. The shares were sold by SVF Growth (Singapore) at INR 120.5 per share, with buyers including Invesco, ICICI Prudential Insurance, Goldman Sachs, and Morgan Stanley. This latest stake sale suggests that SoftBank has likely completely exited Zomato, following a previous stake sale in October. The move aligns with the trend of international investors divesting from Indian tech companies. Zomato recently reported its second consecutive profitable quarter.

Bessemer Venture Partners pares 13.5 pc stake in Medi Assist for Rs 580 crore

YourStory

YourStory · 1y ago

Bessemer Venture Partners pares 13.5 pc stake in Medi Assist for Rs 580 crore

Bessemer Venture Partners has sold a 13.5% stake in Medi Assist Healthcare Services for Rs 580 crore through open market transactions. Goldman Sachs, Morgan Stanley, and Societe Generale acquired a stake in the company. The shares were sold at an average price of Rs 611.70 per share. Following the sale, Bessemer Venture Partners' stake in Medi Assist decreased from 29.22% to 15.72%. Other buyers of Medi Assist Healthcare Services' shares included Invesco Mutual Fund, ICICI Prudential MF, HDFC MF, Aditya Birla Sun Life Insurance, and more. On the NSE, shares of Medi Assist Healthcare Services closed at Rs 611.70.

Whirlpool Mauritius sells Rs 3,880 crore worth stake in Whirpool of India

Money Control

Money Control · 1y ago

Whirlpool Mauritius sells Rs 3,880 crore worth stake in Whirpool of India

Whirlpool Mauritius, the promoter of Whirlpool of India, has sold a 24% equity stake in the company for approximately Rs 3,880 crore ($468 million). The sale reduced the promoter's ownership from 75% to 51% and will be used to settle the company's debt. Whirlpool of India's parent company, Whirlpool Corporation, aims to retain a majority interest in the company following the stake sale. The shares were sold at an average price of Rs 1277.02, with buyers including Aditya Birla Sunlife Mutual Fund and ICICI Prudential Mutual Fund. Whirlpool of India's stock price declined by 3.24% on the news.

Aditya Birla Digital Fashion Invests INR 75 Cr In WROGN

Inc42 · 1y ago

Aditya Birla Digital Fashion Invests INR 75 Cr In WROGN

Aditya Birla Digital Fashion Ventures has acquired a higher stake in the direct-to-consumer (D2C) fashion brand, WROGN, increasing its ownership from 17.10% to 32.84%. This move will help Aditya Birla Digital Fashion to expand its collection of digital-first brands and diversify its brand portfolio. The investment follows a previous acquisition by Aditya Birla Group's fashion and lifestyle arm, TMRW, which acquired a 16% stake in the parent company of WROGN.

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