IRB Infrastructure share price falls 10% after ₹2,033 crore block deal – CNBC TV18 ...Middle East

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IRB Infrastructure share price falls 10% after ₹2,033 crore block deal – CNBC TV18
Shares of IRB Infrastructure Developers Ltd. declined more than 10% on Thursday, May 30, after a large trade that took place in the stock. As many as 31.3 crore shares or a 5.20% of the company’s total equity changed hands in a block deal that took place on the exchanges. The average price at which the shares changed hands was ₹65 per share, taking the total transaction value above ₹2,033 crore. CNBC-TV18 had reported on Wednesday evening citing sources that two seller entities — IRB Holding Pvt Ltd and Deepali Virendra Mhaiskar — will offer up to 225 million and 15 million shares in the transaction. Buyers and sellers in this transaction remain unknown on an official basis. Jefferies an

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