Significant block deals recently executed on the National Stock Exchange (NSE) saw shares of diagnostic chain Thyrocare Technologies Ltd and home services provider Urban Company change hands, amounting to a combined value of ₹1,250 crore. The transactions involved substantial portions of each company's equity, reflecting notable movements in their shareholding structures.
Thyrocare Technologies Witnesses Major Equity Transfer
Thyrocare Technologies saw approximately 8.27% of its total equity change hands in a series of block deals. A total of 1,31,68,657 shares were traded at a price of ₹624 apiece. This segment of the deal alone was valued at ₹821.72 crore. The shares were transacted at a 2.95% discount compared to the previous day's closing price of ₹642.95.
Urban Company Also Sees Substantial Share Movement
Concurrently, Urban Company experienced a block deal where 2% of its shares were traded. This involved 3,15,00,022 shares, each priced at ₹136. The total value of the Urban Company block deal reached ₹428.40 crore. These shares were traded at a 2.19% discount from their Wednesday closing price of ₹139.05.
Details on Buyers and Sellers Remain Undisclosed
As is common with such transactions, the identities of the specific buyers and sellers involved in these large-volume block deals for both Thyrocare Technologies and Urban Company have not been publicly disclosed at this time.