Dalal Street is expected to see four large block deals during the Wednesday, June 4 session, with shares worth Rs 3,480 crore set to exchange hands in trade.
Block deals worth Rs 3,480 crore are lined up for June 4, 2025, with Indegene leading the list with deals worth Rs 1,420 crore, followed by Alkem Laboratories at Rs 825 crore. Tata Technologies is expected to witness block deals worth Rs 635 crore, while Aditya Birla Fashion and Retail (ABFRL) will see stakes offloaded amounting to Rs 600 crore.
Jayanti Sinha, part of the promoter group at Alkem Laboratories Ltd, is expected to divest a 1.42 percent stake in the company through a block deal scheduled for execution today. The transaction is estimated to be worth around Rs 825 crore.
Walmart-backed Flipkart is likely to sell its entire 6 percent holding in Aditya Birla Fashion & Retail Ltd (ABFRL) via a block deal estimated at close to Rs 600 crore.
According to a media report, US-based private equity firm TPG is planning to offload a 2.1 percent stake in Tata Technologies through a block deal. The total deal size is projected at Rs 634 crore, with the floor price expected to be Rs 744.5 per share.
Meanwhile, CA Dawn Investments, a Carlyle Group affiliate, is reportedly looking to sell a 10.2 percent stake in healthcare technology company Indegene Ltd through block deals valued at approximately Rs 1,420 crore.
Also Read | Markets abuzz with block deals; major trades expected to continue on June 4
During the June 3 session, Bloomberg reported that on the back of increased block deals, daily turnover has reached almost $14 billion, the highest since early November, following a drop to below $11 billion in early March, when significant foreign fund outflows pushed local shares to multi-month lows.
During the previous session, Hyundai Motor and Kia Corporation exited their holdings in Ola Electric Mobility via block deals. Hyundai sold 10.8 crore shares at Rs 50.70 apiece (Rs 552 crore), while Kia offloaded 2.7 crore shares at Rs 50.55 (Rs 138 crore). Citigroup Global Markets Mauritius emerged as the buyer, acquiring 8.61 crore shares at Rs 50.55 per share.
A large transaction in Yes Bank saw nearly 9.4 crore shares, or around 3 percent of the total equity, change hands at an average price of Rs 21.5 per share, totaling approximately Rs 2,022 crore. Additionally, around 1.63 crore shares, or 9.22 percent equity, of Zinka Logistics Solutions worth Rs 692 crore changed hands at 423 per shares.
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