Data Patterns shares jump 6% as Singapore Govt, Domestic MFs buy in block deal

Investors witnessed a surge in Data Patterns shares as private equity firm Florintree Capital Partners LLP concluded the sale of its entire 10.71% stake in the defence and aerospace solutions provider on Friday, 16th February. The transaction, valued at Rs 1,102 crore, was executed through open market dealings on Friday.

Notable buyers in this deal included Mirae Asset Mutual Fund (MF), HDFC MF, Kotak Mahindra MF, the Singapore Government, the Monetary Authority of Singapore, and Mathew Cyriac. These entities acquired shares of Data Patterns on the Bombay Stock Exchange (BSE).

Advertisement

As of 10:56 am, Data Patterns shares surged by 5.84%, trading at ₹2,137.10. According to the block deal data available with the BSE, Florintree Capital Partners LLP divested 59,96,622 shares, representing a 10.71% stake in Data Patterns (India).