Sagility block deal: Promoter Sagility BV likely to sell 12% stake for Rs 2,377 crore

What happened: Promoter Sagility BV is likely to sell a 12% stake in Sagility for Rs 2,377 crore through a block deal, according to the report. Key numbers: Sagility BV held 50.95% (2,38,51,29,151 shares). Shares closed at Rs 44.69 on the BSE, down 1.17% from Rs 45.22. Q2 ACV was $40.2 million from 31 existing and one new client. Interim dividend Rs 0.15 per share, up from Rs 0.05. Why it matters: If the transaction goes through, the promoter's shareholding will decline. The report gives no further stated reaction to the deal.

Promoter Sagility BV is likely to sell a 12% stake in Sagility for Rs 2,377 crore through a block deal, according to the report.

If the transaction goes through, the promoter's shareholding will decline. The report gives no further stated reaction to the deal.