Capillary Tech Promoter Sells Stake Worth ₹172 Cr

Capillary Technologies International Pte Ltd., the promoter entity, recently sold a substantial stake in its listed SaaS company, Capillary Technologies, for ₹171.5 Cr in a single deal. This sale of 32.9 Lakh shares, priced at ₹520.86 each, was executed at a 0.02% discount to the stock's last closing price on Monday. Consequently, the promoter entity has reduced its shareholding in the company by more than 8.5%.

Prior to this sale, Capillary Technologies International Pte Ltd. held a 48.92% stake, or 3.9 crore shares, in the listed SaaS major.

The bulk deal serves as a way for the promoter entity to capitalize on the recent surge in Capillary Technologies' stock price, following a challenging period over the past few months. Despite a year-to-date (YTD) decline of over 22.5% in Capillary Technologies' shares, the stock has posted a 3.85% gain in the past month. The majority of the selloff can be attributed to Capillary Technologies reporting a net loss of ₹9.6 Cr in Q1 FY27, compared to a net profit of ₹74.5 Lakh in the previous year's quarter. Operating revenue, however, grew by 42% YoY to ₹256.6 Cr during the quarter under review.

Additionally, a subsidiary recently acquired by the company in the Czech Republic fell victim to a cyber-enabled banking fraud last month, resulting in a loss of approximately ₹32.7 Cr. In response to this unfortunate incident, Capillary Technologies has initiated a forensic audit to investigate the matter. While the development has negatively impacted the company's stock market performance, it continues to offer loyalty management and customer engagement solutions to its clients, including Tata Digital, Domino's, Aditya Birla Fashion & Retail, and Arvind Fashion. Capillary Technologies was founded in 2008 by Aneesh Reddy Boddu.