Atyant Capital Management offloaded a 2.73% stake in Seshasayee Paper and Boards, a manufacturer of printing and writing paper, through open-market transactions on October 27.
Shares of Seshasayee Paper came under pressure following the stake sale, falling 10% to Rs 192.94 and closing at their lowest level since July 2022. The stock has remained under sustained selling pressure over the past month, despite intermittent buying.
Atyant Capital India Fund I, managed by Atyant Capital Management, sold 17.23 lakh equity shares of Seshasayee Paper and Boards, representing 2.73% of its paid-up equity capital, for Rs 35.5 crore. The shares were sold at an average price of Rs 206.24 apiece.
The sale was part of the 5.36% stake held by Atyant Capital in the company as of September 2026.
On the other side of the transaction, promoter entity Time Square Investments acquired an additional 5.7 lakh shares, equivalent to 0.9% of the company's paid-up equity capital, for Rs 12.25 crore at Rs 214.99 per share.