Shares of Sansera Engineering soared over 7 percent and hit a record high of Rs 1,300 after multiple block deals worth a total of Rs 750.40 crore took place on the exchanges on June 19.
Around 62.53 lakh shares, representing an 11.6 percent stake in Sansera Engineering were sold through the block deals, with two investors--Client Ebene and CVCIGP II Employee Ebene being the likely sellers.
The shares were up for sale in a price range between Rs 1,151.20 to Rs 1,211.75 apiece.
While Moneycontrol could not immediately identify the parties involved in the transaction, CNBC-TV18 had reported that Client Ebene and CVCIGP II Employee Ebene were looking to collectively offload their entire 11.66 percent stake in the company through block deals.
As per the company's latest shareholding data, Client Ebene owned a 9.38 percent stake while CVCIGP II Employee Ebene held a 2.28 percent equity in the auto component manufacturer.
The block deals also tipped off a spike in volumes in the counter as five lakh shares of Sansera Engineering changed hands thus far, higher than the one-month daily traded average of three lakh shares.
Shares of the company have delivered around 34 percent returns in the past three months.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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