New Delhi, May 19 -- Block deals are making a comeback, offering much-needed relief to India's equity capital markets amid an ongoing lull in initial public offerings (IPOs) and heightened volatility, according to experts.
In just the first 15 days of May, investors executed 12 block dealsworth Rs.3,541.97 crore compared with only five deals aggregating Rs.506.37 crore in April, according to data from Prime Database.
Last week alone, nearly six large transactions took place; Antfin sold 4% stake inPaytm, General Atlantic divested 6.9% in KFin Technologies, and Singapore Telecommunications Ltd offloaded 1% stake to Bharti Airtel. Sajjan Jindal FamilyTrust also plans to sell shares worth up to Rs.1,200 crore in JSW Infrastructure through ...
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