New Delhi, Aug. 27 -- Shares of Edelweiss Financial Services will be on focus on Thursday's session following a block deal transaction. Abakkus Asset Manager Private Limited, led by Sunil Singhania, purchased more than 64.3 lakh shares of smallcap Edelweiss Financial Services in a block transaction valued at Rs.64 crore. The shares were obtained at a price of Rs.100 each.
The sellers involved were Edelweiss Employees Welfare Trust and Edelweiss Employees Incentives and Welfare Trust, which sold 11.29 lakh and 53 lakh shares, respectively, during Tuesday's trading session. On Tuesday, shares of Edelweiss Financial Services ended 7% higher at Rs.107.85 apiece on the BSE. Indian markets were closed today on account of Ganesh Chaturthi.
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