According to bulk deals information available with the BSE, Bay Capital Investments sold 2,197,525 shares of Westlife Development through open market route.
The shares were sold at an average price of Rs 400, valuing the transaction at Rs 87.9 crore.
Stichting Pensioenfonds ABP bought 1,067,940 shares of Westlife Development at Rs 400, totalling the transaction at Rs 42.71 crore.
At the end of September quarter, Bay Capital Investments Ltd held 1.19 crore shares, or 7.68 per cent stake, of Westlife Development.
Shares of Westlife Development today settled at Rs 400, up 2.04 per cent on the BSE.
Westlife Development has interests in hospitality and restaurant industry.