Major Stake Sales in Indian Tech and Pharma Companies

Some big investment companies are selling parts of their ownership in different Indian tech and pharma companies.

For Mphasis, the owners want to sell about 9.5% of the company's shares at a price a bit lower than the current price.

For Paytm, the owners want to sell about 2% of the company's shares at a price a little lower than the current price.

For Emcure Pharma, the owners might sell about 2% of the shares at a price about 7% lower than the current price.

These sales are happening through a process called block deals, which are large sales of shares all at once.

The sellers have promised not to sell more shares for 60 to 180 days.