HomeMarket NewsTorrent Pharma Block Deal | 3.1% equity worth ₹3,238.9 crore modifications hands
Torrent Pharma Share Price | On Tuesday, sources informed CNBC-TV18 that Torrent Investments Pvt. Ltd was mostlikely to sell up to 2.9% of its stake in the business through block offer. The deal, if completely subscribed, might quantity to a overall offer size of ₹3,000 crore, sources stated.
By Vivek Iyer October 30, 2024, 9: 34: 43 AM IST (Published)
As numerous as 1.04 crore chares or 3.1% equity of Torrent Pharma worth ₹3,238.9 crore, altered hands in block offer at ₹3,108 per share on Wednesday, October 30, 2024.
On Tuesday, sources informed CNBC-TV18 that Torrent Investments Pvt. Ltd was mostlikely to sell up to 2.9% of its stake in the business through block offer. The deal, if completely subscribed, might quantity to a overall offer size of ₹3,000 crore, sources stated.
The base size of the offer was to be set at 2.4% of Torrent Pharma’s overall equity, valued at ₹2,500 crore, with an extra upsize alternative of 0.5%, equating to another ₹500 crore.
The promoter had set an deal flooring cost of ₹3,022.71 per share for this stake sale, included sources, which would include a 120-day lock-up duration on more share sales by Torrent Investments.
As of the end of the 2nd quarter, Torrent Investments held