The Singapore-based promoter of Capillary Technologies has sold nearly 33 lakh shares for ₹171.5 crore, marking a sharp divestment despite recent share price recovery and ongoing financial challenges, including quarterly losses and a cybersecurity incident.
Capillary Technologies International Pte Ltd., the Singapore-based promoter of Capillary Technologies, has sold 32.9 lakh shares in the listed software company for about ₹171.5 crore, according to Bombay Stock Exchange data. The deal was struck at ₹520.86 a share, a discount of just 0.02% to the stock’s previous close, and trimmed more than 8.5% from the promoter entity’s holding.
The sale comes after a sharp but brief recovery in the share price. Capillary Technologies had been under pressure for much of the year, with its stock down more than 22.5% year to date before rising 3.85% in the past month. On Monday, the stock ended 7.09% lower at ₹521.95 on the BSE.
Investors have also been weighing a weaker first quarter. In Q1 FY27, the company reported a net loss of ₹9.6 crore, compared with a profit of ₹74.5 lakh a year earlier, even as operating revenue climbed 42% year on year to ₹256.6 crore. Capillary attributed the loss to higher expenses and continued investment in growth, but the quarter was also clouded by a cyber-enabled banking fraud at a recently acquired subsidiary in the Czech Republic, which led to a loss of about ₹32.7 crore and triggered a forensic audit.
Founded in 2008 by Aneesh Reddy, Capillary Technologies provides loyalty management and customer engagement tools to enterprises. Its clients include Tata Digital, Domino’s, Aditya Birla Fashion & Retail and Arvind Fashion.
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