Bulk Deal Alert
Zomato drops 4% on a Rs 3,112-crore block sale, with Ant Group’s unit expected to sell.
Antfin Singapore Holdings Pte owned 6.42 percent of Zomato, according to the company’s most recent holdings data. After the equity sale, Antfin will own 4.32 percent of the food delivery company.
Zomato shares plummeted 4% in early trading on March 6 after around 19 crore shares, representing a 2.1 percent interest in the food aggregator, changed hands in a Rs 3,112-crore block deal. The shares were purchased at an average price of Rs 160 per, representing a 3.5 percent reduction from the previous closing.
At 09.20 a.m., Zomato shares were trading at Rs 160.80 on the NSE.
Though Moneycontrol could not immediately identify the buyers and sellers in the deal, CNBC-TV18 reported on March 5 that China’s Ant Group’s unit Antfin Singapore Holdings Pte was trying to sell up to a 2% share in the food and grocery delivery business.
According to the source, the block deal’s floor price was likely Rs 159.4 per share, with a total transaction value of around Rs 2,800 crore. Deal Alert
Motherson closes Rs 3,931-crore block sale; Japan’s Sumitomo Wiring is likely seller.
As of the December quarter, Sumitomo Wiring owned a 14.14% interest in Samvardhana Motherson, according to stock market records.
Samvardhana Motherson’s shares plummeted 3.2 percent to Rs 121 on March 6, following a block trade comprising 32.2 crore shares, or a 4.7 percent interest in the vehicle component producer. The overall sale was for Rs 3,931 crore.
Sumitomo Wiring, one of Samvardhana Motherson’s promoter firms, planned to sell an interest in the company.
The deal’s brokers would be JP Morgan and ICICI Securities.
Aavas Financiers promoters sell Rs 1,369 crore worth of shares.
Foreign promoters Lake District Holdings, Partners Group ESCL, and Partners Group Private Equity sold a stake in Aavas Financiers.
Foreign promoters Lake District Holdings, Partners Group ESCL, and Partners Group Private Equity sold their stakes in Aavas Financiers for a total of Rs 1,369.61 crore. Lake District Holdings sold 58,39,578 shares (7.37% interest) at Rs 1,370.01 per share. Partners Group ESCL sold 28,89,373 shares, or 3.65 percent, at Rs 1,370 a share, while Partners Group Private Equity sold 12,67,999 shares, or 1.60 percent, at an average price of Rs 1,370.2.
Lake District maintained a 22.98 percent investment in the firm until December 2023, while Partners Group ESCL owned 11.21 percent and Partners Group Private Equity owned 4.92 percent.
Meanwhile, SBI Mutual Fund purchased 63,00,000 shares, representing a 7.96 percent ownership, at an average price of Rs 1370. Amansa Holdings acquired 23,59,350 shares, or a 2.98 percent stake, at Rs 1370 a share.
Aavas Financiers’ shares fell 5.01 percent to Rs 1,360 on the NSE.
T D Power Systems saw a 2.94 percent change in ownership. Vittoria Fund, OC LP, bought 4,600,000 shares at an average price of Rs 320.50 from BNP Paribas Arbitrage.
T D Power Systems’ shares dropped 3.95 percent to Rs 316 on March 5.
Minerva Ventures Fund purchased 1,00,000 shares of Vertoz Advertising, representing a 0.55 percent interest, at an average price of Rs 849.55. L7 Hitech Private sold 79,921 shares, or 0.44 percent of its holdings, at Rs 820.82 per share, while Ebene Global Opportunity Fund sold 93,522 shares, or 0.52 percent, at Rs 850 each.
Vertoz Advertising’s shares declined 0.64% to Rs 841.
Logus Realty purchased 2,00,000 shares of Grasim Industries at an average price of Rs 1001.44, while Prescient Wealth Management sold 1,39,616 shares for Rs 997.72 each.
Grasim Industries’ shares fell 0.4 percent from the previous day’s closing to Rs 2,225.3.
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