Tiger Strategies Fund-I has pared its stake in Shankesh Jewellers, a Mumbai-based jewellery wholesaler, by 0.55 percentage points through open-market transactions on October 26.
Shankesh Jewellers shares appeared to react to the transaction, falling 4.86 percent to Rs 90.61 on Monday and extending their decline for a third consecutive session.
Tiger Strategies Fund-I sold 8.21 lakh shares, representing 0.55 percent of the company's paid-up equity, for Rs 7.5 crore at Rs 91.76 per share.
As of September shareholding pattern, the fund had held a 1.25 percent stake, equivalent to 18.42 lakh shares, acquired through the anchor book on August 17, 2026, a day before the company's IPO opened for subscription.
Nexus Global Opportunities Fund sells 0.55% stake in Gujarat Kidney and Super Speciality