Several major block deals have taken place in the Indian stock market this week, including transactions involving companies like CarTrade and Happiest Minds Technologies. CarTrade saw a large trade of 71 lakh shares worth ₹588.3 crore, while Happiest Minds Technologies experienced significant stake sales by its promoter Ashok Soota, amounting to a total of ₹1,830 crore. The deals have impacted the stock prices of these companies, with Happiest Minds falling over 8% and CarTrade facing heavy selling pressure.
#MarketsWithBS | Happiest Minds Tech share price came under heavy selling pressure, after a massive block deal. #HappiestMindTech share price tumbled 9% to hit an intraday low of Rs 830.2 apiece, and was down 7.9% at Rs 844.45 per share. #Markets https://t.co/mXuQTky1lY
Multiple large trades worth Rs 1,043 crore in #HappiestMinds.
#HappiestMinds falls over 8% on large trades where the promoter potentially offloaded a 6% stake.
#HappiestMinds Block Deal: 8.3% equity worth ₹1,076 crore changes hands in large trade @VivekIyer72 Read more details here- https://t.co/RISv8ZGXC6
Sources Say | Promoter and founder of Happiest Minds Technologies, Ashok Soota to sell 6% stake @HappiestMinds
Sources Say | Promoter and founder of Happiest Minds Technologies, Ashok Soota to sell 6% stake https://t.co/9N3z0vwXqa
Happiest Minds Technologies: Ashok Soota likely to sell 6% stake in the company. Floor price of ₹826 per share is a 10% discount to the last closing price. Kotak Securities is the sole broker to the deal which is valued at ₹754 crore.
Block Deal Alert: #HappiestMinds promoter Ashok Soota launches Rs 754 crore sale @VivekIyer72 https://t.co/AdmHgrl99T
#CarTradeTech Block Deal: 15% equity worth ₹588 crore changes hands in large trade @VivekIyer72 https://t.co/DVtONINgDO
#Cartrade #LargeTrade | 71 lakh shares (15.1% equity) worth ₹588.3 cr change hands at ₹828/sh https://t.co/WYF8NWYxe6
Block Deals News: Over Rs 40,543 cr! THESE companies among D street dons this week - Do you own any? https://t.co/Q0AbQPszJU