This healthcare-focused company’s stock is in focus after the Promoter has decided to sell up to 15.02 percent or 703 million shares in the company via an Offer for sale. Following the news, the stock has hit the 5 percent lower circuit. With a market capitalisation of Rs. 19,062 Crore, the stock of Sagility India opened at Rs. 40.72, down 5 percent from yesterday’s close, hitting the lower circuit mark.
Stake Sale Update
The company has opened their OFS on 27th May for non-retail investors and for retail investors on May 28. The base offer is of 346.13 million shares or 7.39 percent of the total stake in the company. OFS also has an oversubscription option with 356.87 million shares, totalling the offer size to 703 million shares or 15.02 percent of the total shares.
The promoter has decided to offload 7.39 percent or 346.13 million equity shares, which is the base offer size. Additionally, there’s an option to sell up to 356.87 million more shares, which is 7.62 percent under an oversubscription option. If both options are exercised, the total sale will amount to 703 million shares (15.02%).
The Promoter Sagility B.V. before the stake sale, holds 82.39 percent of the company, or 3,85,371,29,152 shares, which is 3,853.71 million shares. Sagility India Limited, headquartered in Bengaluru, is a healthcare-focused business process management (BPM) company that provides technology-enabled solutions primarily to U.S.-based clients in the healthcare and insurance sectors.
The company offers a range of services, including claims processing, payment integrity, clinical and case management, member engagement, provider solutions, analytics, and revenue cycle management functions such as medical coding and billing.
The company reported a 22.21 percent YoY increase in revenue from Rs. 1,283 Crore in Q4FY24 to Rs. 1,568 Crore in Q4FY25. On a QoQ basis, the company reported an increase of 7.91 percent in revenue from Rs. 1,453 Crore in the previous quarter.
Their Net profit saw an increase of 128.75 percent YoY from Rs. 80 Crore to Rs. 183 Crore for the same period. On a QoQ basis, the company reported a decrease of 15.66 percent in Net profit from Rs. 217 Crore in the previous quarter.
Written By Abhishek Das
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