The shares were offloaded at an average price of Rs 1,126.67 apiece, taking the transaction value to Rs 56.33 crore.
At the end of the June quarter, Lighthouse Emerging India Investors Ltd owned 3.04 per cent stake in the company, as per data available with the bourse.
Shares of Stylam Industries closed 2.51 per cent lower at Rs 1,150 on BSE.