1 year ago
Indegene Shares Traded in Block Deal by Major Funds
Imagine a company called Indegene.
Big investors, like Sunil Singhania's Abakkus, bought a bunch of Indegene's shares in a special deal.
At the same time, another company called Carlyle sold all of their shares in Indegene.
Other investors like East Bridge Capital also joined in the buying.
The average price per share was around ₹591.
Indegene's stock price went down a little bit on Wednesday, but it's still worth more than when it first became available to the public.
These big moves happen when companies change ownership or when investors decide to buy or sell large amounts of stock.
Sunil Singhania's Abakkus, along with other funds, purchased shares of Indegene Ltd. in a block deal.
Carlyle's CA Dawn Investments sold 10.56% of Indegene's outstanding equity in the block deal.
East Bridge Capital, Societe Generale, Smallcap World Fund, and PI Opportunities AIF also bought shares.
The average price per share in the block deal was ₹591.
Indegene shares closed at ₹594.5 on Wednesday, 31% above their IPO price but 20% below their post-listing high.
- Who
- Sunil Singhania's Abakkus, East Bridge Capital, Societe Generale, Smallcap World Fund, PI Opportunities AIF, and CA Dawn Investments.
- What
- Block deal involving Indegene Ltd. shares.
- Where
- Not explicitly mentioned.
- When
- Wednesday, June 4
- Why
- Not explicitly mentioned.
Key facts
- Company
- Indegene Ltd.
- Sellers
- CA Dawn Investments (Carlyle)
- Buyers
- Abakkus, East Bridge Capital, Societe Generale, Smallcap World Fund, PI Opportunities AIF
- Shares Traded
- 2.53 crore
- Percentage of Equity Traded
- 10.56%
- Average Price Per Share
- ₹591
- Indegene Closing Price (Wednesday)
- ₹594.5
