A ‘Block deal’ is a large transaction of securities, typically above a certain threshold, executed privately between two parties, usually through an exchange. It allows for the sale or purchase of a significant number of shares without impacting the market price.
Premji and Associates is an investment portfolio primarily associated with Azim Premji, a prominent Indian businessman, where they focus on strategically investing in companies with a long-term value creation approach, prioritizing responsible business practices and innovation, with a significant portion of their investments often directed towards technology and consumer goods sectors and holds a large amount of stake in Wipro, the company he previously chaired; essentially, they are known for their thoughtful, long-term investment strategy with a focus on sustainable growth and ethical practices.
As per the block deal data, Azim Premji’s investment through its affiliate PI Opportunities AIF V LLP, on Friday bought shares of nine companies for Rs. 446 crore through open market transactions.
Here is the list of stocks
Bharti Airtel Ltd
Bharti Airtel is a leading global telecommunications company offering mobile, broadband, and digital TV services across multiple countries. PI Opportunities AIF V LLP has purchased 5.44 lakh shares at an average price of Rs. 1,638.10 per share.
Jindal Steel Power Ltd
Jindal Steel & Power is a major player in steel manufacturing and power generation, specializing in the production of high-quality steel products.PI Opportunities AIF V LLP has purchased 9.72 lakh shares at an average price of Rs. 874.45 per share.
Reliance Industries Ltd
Reliance Industries is a conglomerate with diverse interests, including petrochemicals, refining, retail, and telecommunications. PI Opportunities AIF V LLP has purchased 5.70 lakh shares at an average price of Rs. 1223.95 per share.
Adani Ports and Special Economic Zone Ltd (APSEZ)
APSEZ is a leading port infrastructure developer, specializing in managing ports and creating special economic zones. PI Opportunities AIF V LLP has purchased 1.09 lakh shares at an average price of Rs. 1082.60 per share.
Ambuja Cements Ltd
Ambuja Cements is a prominent cement manufacturer in India, focusing on producing high-quality cement for construction and infrastructure projects. PI Opportunities AIF V LLP has purchased 5.14 lakh shares at an average price of Rs. 477.20 per share.
Hindalco Industries Ltd
Hindalco is a global leader in aluminum and copper production, specializing in non-ferrous metals and their applications. PI Opportunities AIF V LLP has purchased 8.13 lakh shares at an average price of Rs. 650.20 per share.
ICICI Bank Ltd
ICICI Bank is a leading private-sector bank in India, providing a wide range of financial services, including retail, corporate, and investment banking. PI Opportunities AIF V LLP has purchased 3.33 lakh shares at an average price of Rs. 1230.90 per share.
Infosys Ltd
Infosys is a multinational technology company specializing in IT consulting, software development, and digital transformation services.PI Opportunities AIF V LLP has purchased 3.28 lakh shares at an average price of Rs. 1807.15 per share.
SBI Life Insurance Ltd
SBI Life Insurance is one of India’s largest life insurance companies, offering a range of insurance products for individuals and businesses.PI Opportunities AIF V LLP has purchased 0.84 lakh shares at an average price of Rs. 1481.20 per share.
Written by Sridhar J
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses
