Welspun Living shares dropped more than 4% to a day low of Rs 198.00 on the NSE on Thursday after Welspun Ltd successfully completed a block deal to sell about 3.8 crore shares or 3.9% of the stock of its subsidiary Welspun Living. The transaction was completed in the block deal window at the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
At ₹197 per share, the shares were offloaded at a 5% discount to Welspun Living’s closing price on the previous trading day. The deal size amounts to around ₹750 crore.
Welspun Living stock opened at ₹212.10, reaching a high of ₹212.95 and a low of ₹198.00 during the trading session. The previous day’s closing price was ₹207.26.
As of 11:31 am, Welspun Living shares were trading 3.51% lower at Rs 199.99 on the NSE.
