Block deals: Edelweiss Employees Welfare Trust offloads 98.79 lakh shares of Edelweiss Financial Services

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Around 121.99 lakh shares were sold via bulk deals on September 13.

Asian Paints
Promoter group entity Hiren Holdings Private Limited sold 1.2 lakh shares (0.01 percent) at Rs 3,321 per share. Upnishad Trustee Advisory Services Private Limited was the buyer. At close, the stock was trading 0.73 percent lower at Rs 3,358.60.

Edelweiss Financial Services

Edelweiss Employees Welfare Trust offloaded 98.79 lakh shares (1.04 percent) at Rs 124 per share. Prior to the sale, as of June 30, the Trust had 3.98 percent stake in the company.

Buyers included Ashoka India Equity Investment Trust PLC which purchased 6.6 lakh shares (0.06 percent) and  India Acorn ICAV which acquired 53.7 lakh shares (0.56 percent). The India Acorn ICAV – Ashoka Whiteoak Emerging Markets Equity Fund bought 2.76 lakh shares (0.02 percent) while Abu Dhabi Investment Authority bought 35.7 lakh shares (0.37 percent).

At close, the stock was trading 9.9 percent higher at Rs 125.14.

Jagsonpal Pharma

Infinity Portfolio Holdings bought 22 lakh shares (8.3 percent) at Rs 400 per share, while promoter group entity Infinity Holdings was the seller.

At close, the stock was trading 0.93 percent higher at Rs 407.65.

Bumper block deals

Promoters, private equity (PE) firms, and institutional investors have collectively raised a total of Rs 4.75 lakh crore through stake sales so far this year against Rs 3.9 lakh crore in 2023 and Rs 3.26 lakh crore in 2022, according to a CNBC TV18 report. Some of the big block deals this year included InterGlobe Aviation, Vodafone, Whirlpool and Bharti Airtel.

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