While 1.6% of Delhivery’s outstanding equity changed hands in the block deal, ITC Hotels saw a block where 0.6% of its overall equity was exchanged.
Delhivery
Nexus Ventures sold 1.6% stake in the firm at ₹442 per share. At the end of the December quarter, it held 4.48% stake in Delhivery.
ICICI Prudential Mutual Fund, Nippon India Mutual Fund, Edelweiss Mutual Fund, SBI Mutual Fund were among the buyers in the block deal.
The stock has risen 88% in the past 12 months. However, it is still 6.4% below its IPO price of ₹487, when it listed on the stock exchanges in 2022.
ITC Hotels
GQG Partners sold 0.6% equity or 1.28 crore shares in ITC Hotels at ₹152.69 apiece. Buyers in the transaction remain unknown.
At the end of the third quarter, GQG Partners held 1.97% stake in the firm, as per data available on the exchanges.
The stock is down 42% from its 52-week high of ₹261 apiece.
Delhivery shares ended the previous session 3.6% up at ₹457.8 apiece. Meanwhile, ITC Hotels shares ended the previous session 3.9% up at ₹152.5 apiece.
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