A block deal is a high-volume transaction of shares between two parties, typically involving institutional investors, at a mutually agreed price. Conducted through a separate trading window on stock exchanges, block deals must meet a minimum threshold (e.g., ₹5 crore in India). These transactions help investors execute large trades efficiently without significantly impacting stock prices.
Here are the stocks in which foreign institutional investors made their investment via block deal:
1. United Breweries Limited
United Breweries Limited is an India-based beer company, which is engaged in the manufacturing, purchasing, and selling of beer and non-alcoholic beverages. It has manufacturing facilities in India. The Company has two segments.
With a market capitalization of Rs 52,972.25 crore, the shares were trading at Rs 2,003.45 per share, increasing around 1.40 percent as compared to the previous closing price. Integrated Core Strategies Asia Pte bought 1.41 lakh equity shares in the company at an average price of Rs 1,931.15 per share from Copthall Mauritius Investment.
In the company’s recent shareholding pattern, the Promoters of the company own 70.84 percent while Retail shareholders own a 5.06 percent stake in the company and domestic Institutional Investors own a 16.52 percent stake.
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2. UNO Minda
Uno Minda Limited manufactures and supplies patented automotive solutions and systems to original equipment manufacturers at the tier-1 level. The company’s product segments include switches, sensors, controllers, lighting, acoustic, alloy wheels, seats, aftermarket, casting, and ADAS.
With a market capitalization of Rs 51,442.16 crore, the shares were trading at Rs 895.95 per share, decreasing around 2.14 percent as compared to the previous closing price. Integrated Core Strategies Asia Pte acquired 2.45 lakh shares in UNO Minda at an average price of Rs 934.45 per share from Copthall Mauritius Investment.
In the company’s recent shareholding pattern, the Promoters of the company own 68.75 percent while Retail shareholders own a 5.91 percent stake in the company and domestic Institutional Investors own a 15.45 percent stake.
Written by Abhishek Singh
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