Shortly after a poor listing, Societe Generale offloaded almost its entire stake in ArisInfra via block deal, selling 10.22 Lakh shares at INR 184.81 apiece, raking in INR 18.9 Cr.
Citigroup Global Markets Mauritius and Nova Global Opportunities Fund PCC- Touchstone also sold shares in bulk deals, generating INR 9.93 Cr and INR 10.71 Cr, respectively.
ArisInfra had an underwhelming public debut, listing at INR 205 on the NSE. Its shares traded lower, opening at INR 209 on the BSE and closing at INR 174.10, down 21.6% from the IPO price of INR 222.
Despite the initial poor performance, ArisInfra's shares showed improvement on the second day of trading while the broader market saw a significant rally with Sensex up 1.1% and Nifty 50 up by about 1%.