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Axiscades Technologies stock hits 10% upper circuit after block deal
About 40.61 lakh shares, or 9.5% of the company’s equity, traded at an average of ₹1,824 in the block deal valued at roughly ₹741 crore.
Axiscades Technologies shares locked at the 10% upper circuit on Tuesday, September 29, after a large block deal was reported in the trading window, according to media coverage cited by LiveMint Markets.
Approximately 40.61 lakh shares changed hands, representing 9.5% of the company’s equity, with the shares transacted at an average price of ₹1,824 each, bringing the deal value to around ₹741 crore. The buyers and sellers were not immediately known.
LiveMint Markets also noted that at the end of the June quarter, promoter Jupiter Capital Pvt. Ltd. held a 58.04% stake in Axiscades Technologies, while public shareholders held 41.97%. Among public shareholders, mutual funds held 1.45%, retail investors collectively held 20.67%, and bodies corporate held 6.36%.