Shares of Ather Energy were in focus on Thursday after two major block deals took place on the exchanges, together amounting to over Rs 575 crore.
Details of the block deals
According to exchange data, the first transaction involved a bulk trade of 80,06,406 shares at an average price of Rs 609.65 per share, aggregating to a total value of Rs 488.11 crore.
A second block trade saw 14,05,672 shares exchanged hands at Rs 620.50 per share, worth approximately Rs 87.22 crore.
The combined value of both deals stands at Rs 575.33 crore. However, details of the buyers and sellers remain undisclosed as of now.
Stock update
Following the transactions, Ather Energy’s stock witnessed increased trading activity, reflecting heightened investor interest. The counter is expected to remain in focus through the day as market participants await clarity on the entities involved in the deal.
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