Bengaluru, June 20 -- A prominent financial services stock came under pressure on June 20, slipping nearly 9% amid heightened activity in the block deal window, triggering investor concerns over a potential large-scale stake offloading.

With a market capitalisation of Rs 3,330 crore, shares of Northern Arc Capital Limited plunged nearly 9% on Friday, hitting an intraday low of Rs 195.55 compared to the previous close of Rs 214.50, amid heavy selling pressure in the block deal window.

Northern Arc Capital's shares came under intense selling pressure in early trade on Friday, falling as much as 9% following a large block deal worth Rs 440 crore. Approximately 2.23 crore shares, representing 13.84% of the company's total equity, changed ha...