Akzo Nobel India shares fall 15% after block deal
pre-market1 source ↓written by the desknot a recommendation
- to around ₹3
- 15%
- valued at approximately
- 5.19 million shares
- valued at approximately
- ₹1,640 cr
- each
- ₹3,159
- of the company's
- 11.4%
Akzo Nobel India shares dropped nearly 15% to around ₹3,080 after a block deal involving 5.19 million shares valued at approximately ₹1,640 cr. The shares were sold at ₹3,159 each, representing 11.4% of the company's total equity. This decline follows news of a planned 9% stake sale by promoter Imperial Chemical Industries, potentially valued at ₹1,290.6 cr.
Not investment advice. For informational purposes only.