Sponsor BIF IV Jarvis sells ₹8,584 Cr of Altius InvIT units, cutting its stake from 45.33% to 28.26%

Altius Telecom Infrastructure Trust told the exchange on September 2 that it had received insider-trading (PIT) disclosures from BIF IV Jarvis India Pte. Ltd., a sponsor of the Trust, in connection with the sale of units. The disclosures record two market disposals: a small one of 2,50,000 units for ₹4.20 crore traded on September 1, and then the one that matters — 52,02,75,000 units (52.03 crore) sold for ₹8,584.54 crore on September 2, taking the sponsor's holding from 45.33% to 28.26% of the Trust.

The intimation reached the exchange at 17:12 IST on September 2 — after the market close — so the first session that could trade on the disclosure itself is September 3. But the sale was executed during the September 2 session, and the tape shows it: 73.14 crore units changed hands that day, against 2.75 lakh units the session before. The disclosed 52.03 crore-unit block accounts for the bulk of that volume.

Dividing the disclosed value by the disclosed unit count — our arithmetic, not a number in the filing — the large block works out to exactly ₹165.00 per unit. That is about 4% below the September 2 close of ₹172, and matches the Trust's 52-week adjusted low of ₹165 to the paisa (touched June 16). The filing itself does not state a sale price.

This is normally a thin tape: most sessions in the last 60 traded between 25,000 and a few lakh units, and the price has held a narrow ₹165–178 band all year, with the 52-week high of ₹178.20 set on August 25. The only prior session of comparable size was June 16, at 22.51 crore units. September 2's 73.14 crore units is the heaviest session in the 60-day window — and the unit still closed up 1.2% at ₹172, which suggests the block found buyers without breaking the traded price band. How the unit opens on September 3, once the disclosure is public, is the actual test.

One more piece of recent context belongs on the record. On August 6, the Conversion Committee of the Investment Manager's board approved the filing of a Draft Offer Document with SEBI "in relation to the Offer", pursuant to a unitholder approval dated April 21, 2026. The Trust also published its Q1 FY27 results and investor presentation on August 12. None of the filings states any connection between the Offer process and the sponsor's sale — reading one into the other would be inference, and the documents so far do not support it either way.