Shares of Inventurus Knowledge Solutions Ltd (IKS) dropped 2.85% to ₹1,654.90 in early trade on Thursday after a large block deal took place, involving 30.08 lakh shares — or 1.75% of the company’s equity — changing hands at ₹1,659 per share. The total value of the transaction stood at approximately ₹499 crore.
The trade occurred at a discount to the previous closing price of ₹1,703.40. CNBC-TV18 earlier reported that a block deal was expected on June 19, with around 1.5% equity likely to change hands. Sources had indicated that multiple individual investors were likely to be sellers, though the identities have not been confirmed.
The floor price was set at ₹1,650 per share, implying a discount of around 2.6%, in line with the eventual trade price.
The timing of the block deal coincides with the end of IKS Health’s lock-in period, which expired on Tuesday. As many as 10.5 crore shares became eligible for trading after the six-month post-listing restriction lifted. Promoters such as the Nistha Jhunjhunwala, Aryavir Jhunjhunwala, and Aryaman Jhunjhunwala Discretionary Trusts each hold 16.37% in the company.
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