Abu Dhabi Investment Authority (ADIA), Motilal Oswal Mutual Fund, BofA Securities, Societe Generale, and other institutional investors have collectively acquired over 13 lakh shares, or a 2.9% stake, in Shaily Engineering Plastics Ltd from private equity firm Lighthouse Funds for ₹284 crore through open market transactions.According to block deal data on the BSE, Mumbai-based 360 One Group, Aditya Birla Sun Life Mutual Fund, Trust Mutual Fund, Stallion Asset Pvt Ltd, Samyak Enterprises, and Subhkam Ventures I were among the other entities that participated in the purchase. Together, these investors bought 13,33,155 shares, representing a 2.9% stake in the company, at an average price of ₹2,134 per share, valuing the total deal at ₹284.49 crore.
Lighthouse Funds, through its arm Lighthouse India Fund III Ltd, offloaded the same number of shares in 11 tranches to these entities at the same price, the exchange data showed. Following the stake sale, Lighthouse’s holding in Shaily Engineering Plastics has dropped to 1.37% from 4.27%.
As of June 2025, promoters and promoter group entities held a 43.72% stake in the company.
Shares of Shaily Engineering Plastics jumped 11.91% to close at ₹2,408.15 apiece on the BSE.
First Published: Oct 7, 2025 9:17 PM IS
