VIP Industries shares surge 15% after block deal
VIP Industries shares rose 14.66% to ₹419 after a block deal of 3.7 crore shares, representing 26% equity. This follows a recent stake sale by promoters, indicating strong market interest.
pre-market1 source ↓written by the desknot a recommendation
- to ₹419
- 14.66%
- involving
- 3.7 crore shares
- 26% equity
- for ₹343 crore
- 6.22% stake
Shares of VIP Industries jumped 14.66% to ₹419 on the NSE following a block deal involving 3.7 crore shares, or 26% equity. This surge comes after two promoter group entities recently divested a 6.22% stake for ₹343 crore. The market is reacting positively to this significant transaction.
Not investment advice. For informational purposes only.