According to information received by CNBC Awaaz from sources, a block deal may take place in INDUS TOWERS on Wednesday. On Tuesday, the shares closed at Rs 346, up 1.67 per cent. Shares of Vodafone Idea increased by one percent and closed at Rs 16.87. Block deal will be held on Wednesday – Vodafone PLC can sell up to 10% stake in the deal. Price range for block deal is possible at Rs 310-341 per share.
A block deal can be done on the company’s shares at 10% discount. Morgan Stanley can be the broker for BoFA deal. Know about block deal – Block deal is a deal where more than 5 lakh shares or shares worth more than Rs 5 crore are traded at one time. goes.
Block deals in the market happen only at a particular time. Its price band is also fixed. The deal is considered complete only when the block deal order is 100% completed.
The market keeps an eye on the block deal and from this they see which investor’s confidence in the stock is increasing or whose confidence is decreasing.
