BLOCK DEALS NSE
Rakesh Gangwal to sell $804 million worth IndiGo stake through block deal: Report
Rakesh Gangwal, co-founder of InterGlobe Aviation, plans to sell up to $804 million in shares via a block deal, with a floor price of Rs 4,593 each, a 5.5% discount to the current market price. This move follows his previous stake reduction and Shobha Gangwal’s exit.
Tata Tech, Trent in focus amid large block deals
Tata Group companies Trent and Tata Technologies experienced notable pre-market block deals. Trent's shares initially rose but later fell, while Tata Technologies' shares dropped before stabilizing. Trent is on track to join the Nifty50 index, which will lead to substantial net inflows. The official parties involved in the transactions remain unknown.
SME Sameera Agro And Infra's board approves 4:1 bonus share
Sameera Agro And Infra Limited's board approved a 4:1 bonus share issue, meaning shareholders will receive four new shares for every one share held. The Book Closure is set from September 18 to 25.
Fincare Business sells 1.7 pc stake in AU SFB for Rs 803 cr; Morgan Stanley, SocGen pick stake
Fincare Business Services on Monday sold a 1.7 per cent stake in AU Small Finance Bank to investors like DSP Mutual Fund, Morgan Stanley and Societe Generale (SocGen) for Rs 803 crore via open market transaction. Fincare Business Services was the promoter of erstwhile Fincare Small Finance Bank (SFB).
BofA, Aditya Birla MF buy shares worth Rs 42 crore in debutant Interarch Building Products via block deals
Bank of America acquired 1.3 lakh Interarch Building Products shares for Rs 16.74 crore at Rs 1,287.75 each, a 43% premium over the issue price. Aditya Birla Sun Life Mutual Fund bought 2 lakh shares. The stock closed at Rs 1,203.10, down 7.38% from its listing price.
GQG buys 17.1 million shares of Ambuja Cements via block deal
Adani Group's Holderind Investments sold approximately 68 million shares. Following the transaction, Ambuja's stock initially jumped 4%. The Adani Group now holds a 70.33% stake. Recently, Ambuja enhanced its market share by acquiring Penna Cement, broadening its influence in southern India.
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Warburg Pincus exits Kalyan Jewellers, sells 2.36% stake to promoter TS Kalyanaraman
Warburg Pincus exited Kalyan Jewellers on Thursday, selling a 2.36% stake to promoter T S Kalyanaraman and 6.81% via a block deal. Warburg Pincus had reduced its holding from 30% since 2014 as part of a strategic divestment.
Antfin Singapore sells Zomato shares worth Rs 4,771 crore via block deals
Antfin Singapore Holding sold Zomato shares worth Rs 4,771 crore on Tuesday through two block deals. Over 18.54 crore shares were sold at a premium over the floor price. The final stock price closed at Rs 263.20 on the NSE.
Cyient to sell 14.5% stake in arm Cyient DLM via block deal on Wednesday
Cyient's board authorised the sale of a 14.50% stake in its subsidiary, Cyient DLM Limited, via a block deal expected to complete by August 21. The company held a 66.66% stake in Cyient DLM.
Zomato shares fall 2% after Antfin Singapore likely offloads 2% stake via block deal
Zomato Share Price: Shares of food aggregator Zomato dropped 2% to a day's low of Rs 257.10 on the BSE in the early trading session following reports that Antfin Singapore sold a 2.4% stake in the company through a block deal. Approximately 21 crore shares, equating to a 2.4% stake, were traded in this deal. The identities of the official parties involved in the transaction have not yet been revealed.
Antfin Singapore to sell Zomato shares worth $408 million via block deal: Report
Antfin currently holds 4.3% stake in the food delivery platform. At the floor price, the shares will be available for sale at a discount of 4.6% over Monday’s closing price of Rs 263.24 on the NSE. Zomato's shares rose 6% intraday following UBS's target price hike. The company posted a substantial increase in profit and revenue for the June quarter, doubling its market capitalization in 2024.
Investor Frenzy: Block deals hit Rs 8,364 crore this week; Suzlon, FirstCry, Infosys see major action
Within the largecap segment, 15 companies saw substantial block deals amounting to Rs 5,077 crore. IndiGo topped the list with 4 block deals valued at Rs 1,351 crore. Other notable deals involved Infosys (Rs 786 crore), HDFC Bank (Rs 402 crore), TCS (Rs 398 crore), Reliance Industries (Rs 390 crore), TVS Motor Company (Rs 294 crore), and Cholamandalam Investment & Finance (Rs 255 crore).
Goldman Sachs sells over 24 lakh shares of Bajaj Consumer via block deal, Quant buyer worth Rs 69 crore
Shares of Bajaj Consumer ended at Rs 258.30 on the NSE today, falling by Rs 5.10 or 1.94% over the Friday closing price. The stock has delivered 13% returns over a one year period and in 2024, so far, outperforming Nifty on the YTD basis while underperforming the 50-stock index over a 1-year period. Nifty's YTD returns stand at 10% while 1-year returns hover around 23%.
Motilal Oswal sells Zomato shares for Rs 646 crore in block deal
Motilal Oswal Mutual Fund sold ₹645.84 crore worth of Zomato shares, causing a 4.71% drop in stock price, despite a 15.8% gain over the past month.
Block deals: Canada Pension Plan sells 0.5% in Nykaa for Rs 256 cr; Hema CIPEF offloads 0.46% in Mankind Pharma
Through the stake sale, Canada Pension Plan took home about Rs 256 crore. At the end of March quarter, it held 1.47% equity in the company. In separate deals, Capital group affiliate Hema CIPEF has sold 0.46% stake in Mankind Pharma for Rs 2,082 apiece, taking the total deal value to Rs 385 crore.
Mankind Pharma and Delhivery shares surge up to 4% after block deal
Shares of Mankind Pharma surged 4% to Rs 2,187.85, and Delhivery rose 2% to Rs 403.65 on the BSE following stake sales via block deals. Hema CIPEF (I), an affiliate of Capital Group, likely sold 0.9% of Mankind Pharma. Canada Pension Plan Investment reportedly offloaded 3.17% of Delhivery, valued at around Rs 886 crore. Official parties to the transactions are undisclosed.
Block Deal: Hema CIPEF likely to sell around 1% stake in Mankind Pharma
Capital Group held a 2.22% stake in the company as on March 31, 2024. In December last year, Capital Group divested a 3.14% stake in Mankind Pharma.
Block deals worth over Rs 9,947 crore this week. HDFC Bank, Infosys, Adani Ports among stocks with major action
In the large cap segment, 15 companies witnessed significant block deals worth Rs 5,725 crore led by HDFC Bank with 43 block counts totalling to Rs 2,446 crore. The next in line were Adani Ports and Special Economic Zone (Rs 469 crore), Godrej Consumer (Rs 421 crore), TVS Motor Company (358 crore), Infosys (Rs 339 crore), Interglobe Aviation (Indigo, Rs 288 crore) and Maruti Suzuki (Rs 218 crore).
Promoter selling can cross Rs 1 lakh crore mark as retail investors buy using MFs
With retail investors continuing to be on a buying spree using the mutual fund route, the trend of stake sale by promoters in NSE500 companies looks on track to cross the Rs 1 lakh crore mark.
After a robust debut, Morgan Stanley picks up 3.5 lakh shares in Stanley Lifestyles for Rs 16.7 crore
The shares were acquired through a bulk deal at Rs 478.9 each. In the same transaction, Oman India Joint Investment Fund sold approximately 40.7 lakh shares, according to BSE data. Separately, on the NSE, Franklin Templeton Mutual Fund and Nippon India Mutual Fund purchased 11 lakh and 5 lakh shares in Stanley, respectively.
SAMHI Hotels block deals: Morgan Stanley, Abu Dhabi Investment Authority buy shares worth Rs 79 crore
Morgan Stanley Asia Singapore Pte acquired around 31 lakh shares, while ADIA purchased 11.35 lakh shares. Together, their combined investment amounts to Rs 79 crore.
HCL Technologies to see block deal worth Rs 1,757 crore on Friday
HCL Technologies is likely to see a block deal worth Rs 1,757 crore (approximately $200 million) on Friday, according to a term sheet issued by Citigroup.
BlackRock buys 9.46 lakh shares in Titagarh Rail for 153 crore via block deal
Bulk deal data from the BSE reveals that Rashmi Chowdhary sold more than 26.93 lakh shares at Rs 1,618 each, netting approximately Rs 436 crore from the transaction. Chowdhary, a promoter of the railway sector company, owned over 1.28 crore shares, representing a 9.52% stake as of the end of March, as per the shareholding information available on the NSE.
ET Explainer: What are block and bulk deals?
Block deals involve large investors and do not impact stock prices in real time.
Mphasis promoter entity pares 15% stake for Rs 6,735 crore
Blackstone, promoter of Mphasis, divested a 15.08% stake in the IT and consulting firm for ₹6,735 crore through an open market transaction on the NSE.
TPG Asia sells entire stake in RR Kabel in Rs 958 crore block deal
Marquee funds, including Edelweiss MF, Tata MF, Goldman Sachs, Citigroup, Morgan Stanley, ICICI Pru MF, Blackstone Aqua, Reliance Nippon Life, and HDFC Standard Life, among others, bought stakes in the transaction.
General Atlantic Singapore likely to sell up to 6.8% stake in KFin Technologies for Rs 833 crore via block deal: Report
General Atlantic is a part of the promoter group which holds a stake in KFin Technologies. In December, General Atlantic had sold a nearly 10% stake in KFin or 1,70,00,000 shares of the company at Rs 500.25 apiece. It made a profit of Rs 851 crore.
Apis, Madison and ROC Capital sell Star Health shares worth Rs 2,210 core
Apis Partners held a 2.61% stake via Apis Growth 6, Madison Capital via Mio Star held 2.21% and Mio IV Star held 2.39%, and ROC Capital owned 1.01%, as of March 2024. Mio IV Star, ROC Capital and Apis Partners liquidated their entire stakes in the deal.
Granules promoter Chigurupati sells stake
About 75 lakh shares worth 303.81 crore were sold at 405.08 apiece and were bought by 8 funds at 405-405.1. Axis MF, Massachusetts Institute of Technology and Fidelity Funds' India Focus Fund were the top buyers.
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