Sagility BV has sold a 2.61% stake in Sagility India for ₹366 crore to nine institutional investors before the much-awaited IPO, valued at ₹14,044 crore. The IPO opens on November 5.
EQT Private Capital Asia-owned subsidiary Sagility BV has raised ₹366 crore from selling a 2.61% stake in Sagility India to nine institutional investors days ahead of its impending IPO.
Bengaluru-headquartered Sagility India, valued at ₹14,044 crore, is scheduled to open its ₹2,107 crore IPO for subscription on November 5 with a price band of ₹28-30 per share.
Sagility India has disclosed that on 30 and 31 October, Sagility BV sold 12.2 crore shares at ₹30 per share, raising ₹366 crore in pre-IPO transactions with investors including 360 ONE and Avendus Future Leaders Fund II. Adani Properties also bought shares, purchasing a 0.14 per cent stake for ₹20 crore. Issue structure: Pure OFS of 70.2 crore shares by Sagility BV.
Sagility India LLC is a tech-enabled solutions provider to the US Healthcare Industry; it will provide solutions for payers and providers, including insurance companies, hospitals, physicians, and diagnostic houses.
It recently bought BirchAI in March, expanding its capability for customer support through AI. As of March 31, the company has 35,044 employees, with women accounting for 60.52% of the total.
