Lighthouse Advisors sells over 2 percent stake in V2 Retail for Rs 85 crore

Private equity firm Lighthouse Advisors has divested a 2 percent stake in value retail chain V2 Retail for Rs 85 crore ($10 million) via open market transaction.

The shares sold at an average price of Rs 1,160 apiece, taking the transaction value to Rs 85.23 crore was acquired by Motilal Oswal Mutual Fund.

After the stake sale, Lighthouse Advisors’ holding in V2 Retail has come down to 4.24 percent from 6.36 percent.

Lighthouse Advisors through its affiliate India 2020 Fund II Ltd sold over 734,000 shares, amounting to a 2.12 percent stake in V2 Retail, as per the block deal data available on the National Stock Exchange (NSE).

For the financial year 2024, V2 Retail Ltd had reported a net profit of Rs 28 crore with a revenue of Rs 1,165 crore. It currently operates over 127 stores across India.