Block Deals Over Rs 11,000 Cr Take Place In 1-Day, Paytm Shares In Focus Today

Several block deals took place on August 24, 2023 as Max Financial, Coforge, Manappuram Finance, and Sapphire Foods among others witnessed heavy buying and selling on Thursday. Coforge shares rallied nearly 9% on Thursday but declined today by 0.52%. Current market price of Coforge share is Rs 5362.80 crore.

The biggest block deal of Thursday was of Coforge wherein Barings PE sold 1.6 crore shares (whole 27% stake) for nearly Rs 7697 crore.

Current market price of Manappuram Finance share stock is Rs 141.80 apiece on BSE today after an intraday decline of 0.32%. Manappuram Finance witnessed nearly 10% equity selling for approximately Rs 1177.4 crore by Quinag Acquisition FPI as it exited its holding from the small cap NBFC company. BofA Securities Europe SA bought 62.6 lakh shares or 0.7% of its equity at for 88.3 crore.

Current market price of Max Financial Services is Rs 920.25 on BSE at the time of writing the story with intraday gain of 1.71%. It is interesting to note that the company's entity Max Ventures Investment Holdings sold nearly 1.1 crore shares or 3.3% of its equity for nearly 982 crore. It had possessed 10% equity till June 30th, 2023.

Meanwhile, RBL Bank witnessed more than 99 lakh shares or nearly 1.5% equity being sold by CDC Group for approximately Rs 228 crore. It held 5.5% stake till June 30, 2023.

RBL bank's current market price on BSE is Rs 228.65 apiece with intraday fall of 0.28% on BSE at 9:48 am.

Sapphire Foods India Ltd sold nearly 16.25 lakh shares or 2.5% equity in its subsidiary Sapphire Foods for approximately Rs 220 crore. It is important to note that Wtcnam Common Trust Funds Trust Emerging Markets Opportunities Portfolio bought 1,114,727 shares of Sapphire Foods at an average price of Rs 1,355.

Current market price of Sapphire Foods share price on BSE is Rs 1364.30 apiece with intraday fall of 0.26%.

Shares of Paytm (One 97 Communications Ltd) will be in focus today as reports have been doing the round that Jack Ma-founded Antfin (Netherlands) Holdings is considering to offload another 3.6% stake in the company through block deals.