Bulk & Block Deals on August 25: Jio Financial Services, Paytm, others exchange hands; check buyers, sellers

A bulk deal is a transaction in which at least five per cent of a company’s total equity shares are traded all at once. These transactions can take place throughout the regular trading session, unlike block deals. Bulk transactions do not require the opening of a special window. However, it is possible in the block deal window.

On the other hand, block deals refer to single trades with a 5 lakh share minimum or a value of ₹10 crore. When two parties agree to buy and sell at least these many shares at the same price, a block deal occurs.

Here is the list of major deals that took place on August 25:

Jio Financial Services:

According to NSE bulk deal data, Motilal Oswal Mutual Fund (MF) bought 3,72,00,000 shares of Jio Financial Services at an average price of ₹202.80. Accordingly, Motilal Oswal MF has acquired a 0.6 per cent stake in Jio Financial Services Ltd (JFSL), which is the demerged non-banking financial services (NBFC) unit of the Mukesh Ambani’s Reliance group, for ₹754 crore via open market transaction. On Friday, shares of Jio Financial Services Ltd closed 3.82 per cent higher at ₹221.60 apiece on NSE.

Paytm

According to BSE block deal data, chinese fintech giant Antfin sold a 3.6 per cent stake or around 2.3 crore shares of Paytm at an average price of ₹895.2. Earlier this month, the company informed the exchanges that Vijay Shekhar Sharma, Founder and Chief Executive Officer of One 97 Communications Limited and Antfin have entered into an agreement where Sharma will purchase a 10.3 percent stake in Paytm.

Amber Enterprises
According to NSE data, Ascent Investment Holdings, a private equity investor in Amber Enterprises, sold 12,60,552 shares at an average price of ₹2,800, paring a 4 per cent stake in the company.

Uno Minda
According to NSE bulk deals data, Nirmal Kumar Minda sold 74,46,215 shares of Uno Minda at an average price of ₹602.02.

Updated: 25 Aug 2023, 10:11 PM IST