In the large cap segment, 15 companies witnessed significant block deals on the screen, which were worth Rs 3,533 crore, led by HDFC Bank with an 18 block count, totalling Rs 1,121 crore.
The Japanese conglomerate is likely to offer the stake at a price range of Rs 752-767 per share, which implies up to 2% discount to Thursdays closing price of Rs 767 of the stock
Earlier this month, Paytm CEO entered into an agreement to acquire 10.3% through an off-market transfer from Antfin, which is an affiliate of Chinese conglomerate Alibaba. On closing of this deal, Sharma s holding will increase to 19.42%, becoming the largest shareholder, whereas Antfin s will reduce to 13.5%
The transaction, which will be done at Rs 880.1 apiece, will see Antfin offload about 2.3 crore shares. On closing of this deal, CEO Vijay Shekhar Sharma s holding will increase to 19.42%, becoming the largest shareholder, whereas Antfin s will reduce to 13.5%