India, June 13 -- The shares of this leading power metering company plunged by approximately 4.5 percent after sources reported that the reason is because of a failed block deal, which involved the exchange of equity shares worth Rs 650 crores.

With a market capitalization of Rs 11,254 crores, the shares of Genus Power Infrastructures Ltd are currently trading at Rs 370 per share, representing a 23.8 percent decline from its 52-week high of Rs 485.85 per share. Over the past five years, the stock has delivered a robust return of 1,839 percent.

About the incident Chiswick Investment Pte. Ltd (an affiliate of Singapore Sovereign wealth fund GIC), announced a block deal on June 12 to sell a 3.6 percent stake in Genus Power Infrastructures...