Alpha Alternatives, Neo Group and Arvesta sell over Rs 224 crore of IIFL Capital shares
Alpha Alternatives, Neo Group and Arvesta sold IIFL Capital Services shares worth Rs 224 crore on November 13, per TradingView, yet the stock closed higher.
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what happened
According to TradingView, Alpha Alternatives, Neo Group and Arvesta Financial Services carried out open-market sales of IIFL Capital Services shares worth more than Rs 224 crore on November 13. The stock still ended the session higher by 0.54% at Rs 354.15 on the NSE, with trading volumes staying robust.
Alpha Alternatives sold 0.63% of the company's paid-up equity, or 23.69 lakh shares, for Rs 84.04 crore. Neo Treasury Plus Fund, part of Neo Group, offloaded a 0.5% stake, while Arvesta Financial Services sold 0.55%. Together the three sellers reduced their holdings by 1.69%.
Separately, ASK Investment Managers sold a 0.65% stake in Rallis India for Rs 24.23 crore, and Acquario Wealth Advisors sold 0.72% of Texmaco Infrastructure for Rs 11.29 crore. Texmaco shares slid 3.97% to Rs 122.98 on the NSE after the deal.
why it matters
For the market, this mainly signals profit-taking by large shareholders. The IIFL Capital deals are modest relative to the company's size, but the drop in Texmaco shares was sharper and is worth watching.
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instruments
sources
- Alpha Alternatives, Neo Group, Arvesta Financial sell over Rs 224 crore worth of IIFL Capital Services shares — TradingView, 13 November 2026 at 17:27 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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