Bulk Deals: Spicejet promoter offloads 1% stake amid stock's continued decline

SpiceJet shares plunged over 6 percent to Rs 45.48 on Thursday, marking their fourth consecutive session of decline.

On Thursday, Spicejet's chairman and managing Director Ajay Singh sold 1,15,38,462 shares that denotes approximately 0.9 percent stake of the company total shares. These shares were sold at an average of Rs 45.34 each share, valued at Rs 52 crore in terms of the overall transaction.

Promoters held a 29.13 percent stake in the company as per exchange platform's data until December 31, 2024. SpiceJet shares plunged over 6 percent to Rs 45.48 on Thursday, marking their fourth consecutive session of decline.

Block Deals

Here are some key block and bulk deals that took place on Thursday, March 13, across the exchanges:

Gensol Engineering Ltd

Mansi Share and Stock Advisors Pvt Ltd sold 56,150 shares at Rs 262.25 per share, while Virtue Financial Services Private Limited offloaded 4,40,492 shares at Rs 265.72 per share. Thus, reflecting 1.31 percent of the total stake (as per data calculated until Dec 31, 2024) being traded in this transaction. The company's shares were trading at a 5 percent decline straight throughout the trading session on Thursday.

LKP Securities Ltd

LKP Finance Limited, promoter of the company, sold 65,21,725 shares, while L K Panday acquired the same quantity, both being at Rs 20.5 per share. Approximately 7.96 percent of the total stake (as per data on BSE until December quarter of FY2025) was traded at a total valuation of around Rs 13.38 crore.

Zim Laboratories Ltd

Mathew Cyriac and Elizabeth Mathew each sold 39,95,324 shares at Rs 81.71 per share.  approximately 8.20 percent of the total stake (as per data on BSE until December quarter of FY2025) was traded at a valuation of Rs 32.66 crore. The stock prices stood at a decline of 1.55 percent at the end of Thursday's trading session.

Moksh Ornaments Limited

Investi Global Opportunity Fund PCC - Cell 1 acquired 6,00,000 shares at Rs 12.65 per share. Approximately 1.91 percent of the total stake (as per data on NSE until Jan 23, 2025) was traded at total valuation of Rs 74.47 lakh. The stock prices stood at a decline of 1.18 percent at the end of Thursday's trading session.

Ashapura Logistics Ltd

LC Radiance Fund VCC and Kingsman Wealth Fund PCC - KIF II each bought 70,000 shares at Rs 75.5 per share. The stock prices stood at a decline of 3.50 percent at the end of Thursday's trading session. Approximately 0.77 percent of the total stake ((as per data on NSE until September, 2024) was traded at total valuation of Rs 52.85 lakh.

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