Four block deals worth Rs 3.5k crore today
MUMBAI: Existing shareholders in four companies are planning to sell their stakes through block trades on Wednesday, aiming to mobilise about Rs 3,500 crore, sources said. Private equity major TPG is selling its entire 2.1% stake in Tata Technologies, which could fetch about Rs 630 crore. Through another block trade, CA Dawn Investments, an arm of another PE major Carlyle, is offering to sell 10.2% in Indegene to mop up about Rs 1,400 crore. Flipkart Investments is selling about 6% in Aditya Birla Fashion & Retail, eyeing about Rs 580 crore. Through another block, Jayanti Sinha, one of the promoters of Alkem Laboratories, is selling 1.4% in the company to mop up about Rs 825 crore.
