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Biocon shares rise 3% after Rs 638-crore block deal; Active Pine likely seller
Biocon shares rose after a block deal involving around 1.65 crore shares. Investor Active Pine was reportedly looking to sell up to 1.66 crore shares, or about 1% stake, for around Rs 638 crore at a floor price of Rs 385 per share, implying a discount of up to 1.9% to the market price. The seller will face a 30-day lock-up on further stake sales.
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economictimes.indiatimes.com
Biocon shares: Active Pine may divest up to 1% equity worth Rs 638 crore via block deal
Active Pine is likely to sell up to 1.66 crore Biocon shares, worth Rs 638 crore, through a block deal at Rs 385 per share. The development comes alongside Biocons Brazil…
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m.economictimes.com
Biocon shares rise 3% after Rs 638-crore block deal; Active Pine likely seller
Biocon shares rose after a block deal involving around 1.65 crore shares. Investor Active Pine was reportedly looking to sell up to 1.66 crore shares, or about 1% stake, for…