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India Shelter Finance Bulk Deal: Nexus Venture Partners' Units Sell Stake For Rs 425 Crore

  • Nexus Venture Partners' units sold a 4.63% stake in India Shelter Finance Corp. for Rs 424.9 crore through an open market transaction.
  • Nexus Opportunity Fund II sold 13.28 lakh shares (1.23% stake), while Nexus Ventures III offloaded 36.7 lakh shares (3.4% stake) at Rs 850.88 apiece.
  • Kotak Mahindra Mutual Fund acquired 4.19% stake (45.28 lakh shares) for Rs 385 crore at Rs 850.87 apiece.
  • In 2024, Nexus Ventures III Ltd. and Nexus Opportunity Fund LI had sold stakes in India Shelter Finance Corp. Shares of India Shelter Finance closed 0.31% lower at Rs 879.35 apiece on the NSE.

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