Ruchit Purohit
Stories By Ruchit Purohit
Granules India Block Deal: Promoter To Offload Rs 1,500-Crore Stake, Floor Price FixedThe promoter had previously sold 50 lakh shares in Granules India in March 2019 at Rs 101.08 per share.
Foseco India Block Deal: Morganite Crucible, Morgan Terrassen BV Likely To Sell 15.27% Stake For Rs 664 CroreMorganite Crucible held a 7.84% stake in Foseco India as of the quarter ended June.
Aye Finance Block Deal: Alpha Wave India Likely To Sell 7.8% Stake, Say SourcesAlpha Wave India is likely to offload up to 7.8% in Aye Finance through a Rs 320.4 crore block deal at a 5.5% discount
Welspun Corp Block Deal: Promoter Group, CEO Vipul Mathur To Sell Rs 1,400-Crore StakeThe total offer size for the block deal is Rs 1,417.5 crore, representing 2.4% share of the company's equity.
Groww Block Deal: Ribbit Capital To Sell Rs 1,900-Crore Stake, Sources SayRibbit Capital is set to sell a 1.6% stake in Groww parent Billionbrains Garage Ventures for about Rs 1,914 crore. The shares are being offered at Rs 195 each.
Meesho Block Deal: Y Combinator To Sell 1.05% Stake At Up To 4% DiscountY Combinator will be subject to a 30-day lock-in period for any further stake sale following the transaction. Kotak is the broker to the block deal.
Accel, Trudy Holdings, AVP I Fund To Sell Rs 600 Crore Stake In Amagi Media Labs Via Block DealKotak is acting as the broker for the deal, while the sellers will be subject to a 90-day lock-in period for any further sale.
KFin Tech Block Deal: General Atlantic Singapore May Offload 8% Stake For Rs 1,400 CroreKFin Tech Block Deal: Initially pegged at Rs 1,200 crore, the block deal size has been upsized to Rs 1,400 crore, indicating strong demand from institutional investors.
Kalyan Jewellers Likely To See Block Deal Of About 5 Crore Shares — Details InsideThe proposed transaction is expected to be priced at an 8%-10% discount to the current market price, according to people familiar with the matter.