Alpha Alternatives, Neo Group and Arvesta Financial Services collectively sold shares worth over Rs 224 crore in IIFL Capital Services, the capital markets company, through open-market transactions on November 13.
Despite the sizeable stake sale, IIFL Capital Services shares ended the session higher at Rs 354.15 on the National Stock Exchange (NSE), up 0.54 percent, accompanied by robust trading volumes.
Alpha Alternatives Financial Services offloaded 23.69 lakh shares, representing 0.63 percent of the company's paid-up equity, for Rs 84.04 crore at Rs 354.74 apiece. The sale was against its 1.53 percent shareholding, or 56.9 lakh shares, as of September 2026.
Meanwhile, Neo Treasury Plus Fund, part of Neo Group, sold 18.65 lakh shares, representing a 0.5 percent stake in IIFL Capital Services, at Rs 355.78 apiece for Rs 66.35 crore.
Arvesta Financial Services also pared its stake, selling 20.81 lakh shares, equivalent to 0.55 percent of the company's paid-up equity, for Rs 73.73 crore at Rs 354.22 per share.