Block deals worth ₹6,800 crore set for Tuesday
pre-market1 source ↓written by the desknot a recommendation
- are expected
- ₹6,800 crore
- of equity
- 9.5%
Block deals worth nearly ₹6,800 crore are expected on Dalal Street this Tuesday as selling resumes post-earnings. Major transactions are anticipated in shares of Mphasis, Paytm, and Emcure Pharma.
• Mphasis to see a block deal of ₹4,626 crore, with Blackstone selling up to 9.5% of equity at a floor price of ₹2,570 per share.
This activity may influence market sentiment as promoters and private equity firms offload shares.
Not investment advice. For informational purposes only.