Synopsis: A massive block deal worth hundreds of crores rattled a power equipment maker’s stock on Tuesday, sending shares tumbling in early trade as market chatter pointed to a mix of institutional selling and high-profile buying interest.
Big-ticket trades on Dalal Street often move fast and leave investors scrambling for clarity. One such transaction unfolded early Tuesday, triggering a sharp slide in a small-cap counter even as speculation swirled around who exactly was on either side of the table.
Block Deal Sparks Sharp Selloff
With a Market Capitalization of Rs.9,084 Crore, Shares of Genus Power Infrastructures fell as much as 11.4% to ₹282.10 from its previous closing price of Rs.318.45 on the NSE in early trade on Tuesday, June 30, after a large block deal hit the counter. Around 88 lakh shares, roughly 2.90% of the company’s equity, changed hands in transactions worth approximately ₹267.5 crore, according to exchange data on block activity.
The scale of the trade was enough to spook the stock, with sellers appearing to offload a meaningful chunk of their holding in one go. Such concentrated selling typically puts pressure on the price in the immediate aftermath, even if the broader investment case for the company remains unchanged.
Who Was Involved
A CNBC-TV18 report suggested that GIC, the Singapore sovereign wealth fund, was likely among the sellers in the block transaction. GIC held close to a 15.1% stake in Genus Power as of the end of FY26, making it one of the company’s largest institutional shareholders. If the report holds up, a partial exit by GIC would explain the size and impact of the deal.
On the buying side, market sources named Akash Bhansali and Madhusudan Kela as key participants, alongside a broader group of high-net-worth individual investors. It’s worth noting that these identifications are based on trade chatter circulating on the day of the deal and have not been officially confirmed through exchange disclosures. Such details are usually verified, if at all, once bulk or block deal data is formally released later in the day or the following session.
Bhansali, who heads principal investments at Enam Holdings, runs a publicly tracked portfolio valued at more than ₹6,000 crore with a strong tilt toward industrials, capital goods and energy-linked businesses. Genus Power already features among his disclosed holdings. Kela, a well-known value investor with a public portfolio exceeding ₹2,100 crore, has a track record of entering companies with strong execution capability and valuations he sees as underappreciated.
What This Means for Investors
Block deals of this size often trigger short-term volatility as large shareholders rebalance positions. For now, the key question is whether this represents routine portfolio adjustment by an institutional investor or signals a broader shift in sentiment. Confirmation through official block deal data will be important before drawing firmer conclusions.
About the Company
Genus Power Infrastructures is an Indian company engaged in manufacturing electricity metering solutions, smart metering systems, and power infrastructure equipment. It serves utilities and government bodies across India, playing a role in the country’s transition toward smart grid and metering technology adoption nationwide.
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