AU Small Finance Bank Ltd. experienced notable market activity on Monday as a substantial block deal took place during the pre-market window. A total of 1.3 crore shares, representing 1.7% of the bank's total equity, were traded.
Key Details of the Transaction:
Share Volume: 1.3 crore shares, equating to 1.7% of the bank's equity, changed hands.
Transaction Value: The shares were traded at an average price of ₹630 per share, resulting in a total transaction value of ₹804 crore.
Market Movement: Following the transaction, shares of AU Small Finance Bank saw a modest gain of up to 0.63%, trading at ₹629.75.
YTD Performance: Despite today's uptick, the stock has declined by 20% so far this year.
Promoter Holdings and Market Speculation:
As of the end of the June quarter, AU Small Finance Bank's promoters held a 22.92% stake in the company. The identities of the buyers and sellers involved in this significant block deal remain undisclosed, sparking curiosity and speculation in the market.
This transaction highlights a noteworthy shift in the equity structure of AU Small Finance Bank, reflecting ongoing investor interest and the dynamic nature of the financial sector.