Privi Speciality Chemicals shares tank 13% after equity worth ₹1,086 crore changes hands

Shares of Privi Speciality Chemicals fell as much as 13% on Wednesday, December 31, after a large transaction took place in the stock.

As many as 38.8 lakh shares of the company, amounting to 9.93% of the company's outstanding equity changed hands in the transaction, according to official data available.

Shares changed hands at an average price of ₹2,799 per share, taking the total transaction value to ₹1,086 crore.

CNBC-TV18 had reported citing sources on Tuesday evening that a large trade is likely to take place in the stock, where the promoter entity is likely to sell up to 6.3% stake through block deals valued at nearly ₹700 crore.

The indicative price range for the transaction was said to be between ₹2,835 to ₹2,850 per share, which was a 11.1% discount to Tuesday's closing price.

Promoters of Privi Speciality Chemicals had a 69.89% stake in the company at the end of the September quarter.

Among the public shareholders, Mutual Funds had a 3.91% stake, of which SBI MF had a 3.64% stake in the company. Over 26,000 retail shareholders, or those who have authorized share capital of up to ₹2 lakh, have a 8.7% stake, while large retail shareholders have a 6.67% stake.

Shares of Privi Speciality Chemicals are trading 12.4% lower on Wednesday at ₹2,794.3. Despite this fall today, the stock is up 65% so far in 2025, which is the best calendar year for the stock since 2021, during which it had gained over 240%.