As many as 1.13 crore shares, or 4.7% equity, of Indegene Ltd worth ₹707 crore changed hands in block deals at an average of ₹623 per share on Tuesday, December 3.
On Monday, December 2, CNBC-TV18 reported, citing sources that Global private equity firm Carlyle-backed CA Dawn Investments was likely to sell 2.9% stake in the healthcare tech firm via block deals.
The floor price was likely to be ₹615 per and the sale could raise around ₹470 crore, based on the offered floor price, sources had said.
At the end of the September quarter, Nadathur Fareast Pte Ltd was the biggest shareholder in Indegene with a 23.64% stake. CA Dawn Investments had a 20.42% stake, and Brighton Park Capital owned a 12% stake in the company, as per data available in the stock exchanges.
Indegene Ltd listed on the stock exchanges on May 13, 2024 at a premium of 46% over the issue price of ₹452. The Indegene stock listed at ₹655 on the NSE, a premium of 44.91%, while it listed at a premium of 46%, at ₹659.70 on the BSE.
Indegene shares were trading 5.7% lower at ₹629.4 apiece on Monday, December 2. The stock has gained 25.09% in the past six months.
Content retrieved from: https://www.cnbctv18.com/market/indegene-share-price-block-deal-equity-worth-changes-hands-large-trade-stock-reaction-19518354.htm.
