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What is the story about?
Shares of Lenskart Solutions Ltd. and GMR Airports Ltd. saw a mixed reaction to large trades that took place in these stocks before markets opened on Wednesday, June 3.
The block deals took place in the pre-market block deal window.
As many as 5.65 crore shares of Lenskart Solutions changed hands worth ₹2,873 crore at ₹508.5 per share in a block deal window on Wednesday.
The number of shares that changed hands amount to 3.25% of the company's outstanding equity.
Buyers and sellers in the transaction are not known.
At the end of the March quarter, promoter entities held 17.55% stake in Lenskart Solutions, while public shareholders held 62.29%.
Among public shareholders, PI Opportunities Fund holds a 4.48% stake, Kedaara Capital holds a 1.18% stake.
Within funds that hold between 3% to 4% stake in the company, include Alpha Wave Ventures Ii, Lp (3.7%), Alpha Wave Ventures, Lp (3.43%), and Steadview Capital Mauritius Ltd. (3.32%).
As many as 19.5 crore shares of GMR Airports or 1.9% of the company's outstanding equity changed hands in a block deal.
The number of shares that changed hands are worth ₹1,906 crore and the transaction took place at an average price of ₹97.75 apiece.
Buyers and sellers in the transaction are not known yet.
Promoters of GMR Airports held 66.33% stake in GMR Airports, while public shareholding was at 33.67%, as per data available on the stock exchanges.
Shares of Lenskart are trading 1.1% lower at ₹518.2. The stock is up 18% so far this year.
On the other hand, shares of GMR Airports are off opening highs, currently trading 0.2% higher at ₹98.4. The stock is down 6% so far this year.
Also Read: Here's why Bliss GVS Pharma shares have surged over 45% over the last 10 sessions
The block deals took place in the pre-market block deal window.
Lenskart Block Deal
As many as 5.65 crore shares of Lenskart Solutions changed hands worth ₹2,873 crore at ₹508.5 per share in a block deal window on Wednesday.
The number of shares that changed hands amount to 3.25% of the company's outstanding equity.
Buyers and sellers in the transaction are not known.
At the end of the March quarter, promoter entities held 17.55% stake in Lenskart Solutions, while public shareholders held 62.29%.
Among public shareholders, PI Opportunities Fund holds a 4.48% stake, Kedaara Capital holds a 1.18% stake.
Within funds that hold between 3% to 4% stake in the company, include Alpha Wave Ventures Ii, Lp (3.7%), Alpha Wave Ventures, Lp (3.43%), and Steadview Capital Mauritius Ltd. (3.32%).
GMR Airports Block Deal
As many as 19.5 crore shares of GMR Airports or 1.9% of the company's outstanding equity changed hands in a block deal.
The number of shares that changed hands are worth ₹1,906 crore and the transaction took place at an average price of ₹97.75 apiece.
Buyers and sellers in the transaction are not known yet.
Promoters of GMR Airports held 66.33% stake in GMR Airports, while public shareholding was at 33.67%, as per data available on the stock exchanges.
Shares of Lenskart are trading 1.1% lower at ₹518.2. The stock is up 18% so far this year.
On the other hand, shares of GMR Airports are off opening highs, currently trading 0.2% higher at ₹98.4. The stock is down 6% so far this year.
Also Read: Here's why Bliss GVS Pharma shares have surged over 45% over the last 10 sessions
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