Lunolux Ltd, a firm owned by Advent, sold 1,93,47,924 shares of Eureka Forbes at Rs 506.06 apiece, block deals data on the BSE showed. The sale was at a marginal discount to the previous closing price of the stock.
Eureka Forbes block deal: As many as 1.79 crore shares or 9.3 percent equity of Eureka Forbes worth Rs 975 crore changed hands in a block deal window on February 22.
Lunolux Ltd, a firm owned by Advent, sold 1,93,47,924 shares of Eureka Forbes at Rs 506.06 apiece, block deals data on the BSE showed. The sale was at a marginal discount to the previous closing price of the stock.
The floor price of the deal is set at ₹494.75 per share, with a maximum allowable discount of 3%. Shares of Eureka Forbes Ltd ended at ₹516, up by ₹23.05, or 4.68%, on the BSE.