Block deals: New Leaina Investments Ltd sells 0.56% stake in Shanti Educational Initiatives

The biggest deal for the weak was Indigo were he big headline this week was the large block deal involving IndiGo, where Promoter Rakesh Gangwal sold shares worth almost Rs 11,000 crore.

On August 30, 77 lakh shares were traded via two block deals.

Nirlon

A total of 68.45 lakh shares were sold by Resonance Opportunities Fund (1.49 percent), Albula Investment Fund Ltd (5.62 percent), Marshfield Pte Ltd (0.49 percent), Arial Holdings (3.69 percent) and Ares Diversified (3.52 percent).

BSREP IV FPI Two Holdings (DIFC) Limited bought a total of 65.45 lakh shares ( around 6 percent stake) at Rs 440 per share.

At close, the stock was trading 0.19 percent lower at Rs 438.50.
Shanti Educational Initiatives

Legends Global Opportunities (Singapore) Pte. Ltd. bought 9 lakh shares (0.56 percent) of Shanti Educational Initiatives Ltd at Rs 120.85 per share while New Leaina Investments Limited sold 9 lakh shares.

At close, the stock was trading around 3 percent lower at Rs 120.02.

Block deals this week

This was the second consecutive week of large block deals. Last week, block deals worth Rs 20,000 crores took place.

For the week ending August 30, the total value of deals was around Rs 18,000 crore. The biggest deal for the weak was Indigo were he big headline this week was the large block deal involving IndiGo, where Promoter Rakesh Gangwal sold shares worth almost Rs 11,000 crore. Other significant block deals included PB Fintech (Rs 1,600 crore), Winspin Living (Rs 900 crore) and Tata Technologies (Rs 1,400 crore).

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