The three companies saw equity between 1% and 3% change hands during the transactions. Here’s a look at them individually:
JSW Cement
The recently listed cement company saw 4.28 crore shares or 3.14% of the total equity change hands in the block deal transaction, valued at ₹531 crore.
Promoters of JSW Cement have a 72.03% stake in the company as part of the March quarter shareholding. Mutual Funds have a 8.04% stake as well.
Retail investors, or those with an authorized share capital of up to ₹2 lakh, had a 5.63% stake.
JSW Cement reported its results on Thursday, which were stronger on the operating performance front on a year-on-year basis.
Shares of JSW Cement are trading 5.3% higher at ₹134.23.
Pine Labs
Pine Labs saw 2.47 crore shares or 2.2% of its outstanding equity change hands in the block deal transaction.
Shares changed hands at an average price of ₹144 per share, taking the total transaction value to ₹356 crore.
Pine Labs does not have any promoter holding. Mutual Funds have a 8.88% stake in the company. As many as 1.15 lakh retail investors, with authorized share capital of up to ₹2 lakh, have a 2.76% stake.
Pine Labs shares are trading little changed.
Paytm
The payments aggregator saw 1.3% of its outstanding equity, or 86 lakh shares, change hands, taking the total transaction value to over ₹960 crore.
CNBC-TV18 had reported on Thursday that the company is likely to see a block deal with SAIF Partners likely to be the seller.
Based on the March quarter shareholding, SAIF Partners India had a 4% stake, while SAIF Iii Mauritius had a 9.43% stake.
Shares of Paytm are trading 2% lower after the transaction at ₹1,133.4.
Buyers and sellers in all three transactions are not officially known. All three companies are also trading below their issue price.
