Block deals, November 18: Four trades worth ₹7,000 crore likely today; check Mphasis' details

Mphasis

According to reports by CNBC-TV18 and CNBC Awaaz, Blackstone Entity BCP TOPCO is expected to sell a 9.5% stake in Mphasis via block deals. According to reports, the size of the deal will be ₹4,626 crore. The floor price for the same has been fixed at ₹2,570 per share, which is a 4.4% discount to the last traded price.

Citi is reportedly the broker for the deal.

One97 Communications (Paytm)

SAIF Fund 3, news reports say, is expected to sell its stake in the company via block deals. The floor price of the block trade is ₹1,281 per share, representing a 4% discount to the last traded price.

Saif Partners Fund, reports say, will sell a 2% stake worth ₹1,640 crore.

Emcure Pharmaceuticals

Bain Capital is likely to sell a 2% stake in the pharma company via block deals. According to reports, the indicative floor price is ₹1,296.51 per share, a discount of nearly 7%.

The size of the block deal is worth ₹493 crore.

BC Asia is an affiliate of Bain Capital. It held a 6.3% stake in the company.

Blackbuck (ZinkaLogistics)

According to a news report by CNBC-TV18, three shareholders are expected to sell up to a 2% stake in the company worth ₹240 crore via block deals. The base price will be ₹670 per share, the report added.

What are block deals?

In the stock market, block deals are large, privately negotiated trades of shares between two parties, usually big institutional investors, conducted at a fixed price.

Key features of block deals

Typically, at least ₹5 crore worth of shares (in India), or a minimum number of shares specified by the exchange.

Conducted in a separate block deal window that opens for a short time during the trading day.

Both the buyer and seller decide the price and quantity beforehand.

Why block deals happen

• Mutual funds, FIIs, or promoters want to buy/sell large quantities quickly.

• To avoid large price fluctuations that would happen if they placed such huge orders in the open market.

• To maintain transparency while enabling efficient execution.