Shares of 360 One WAM Ltd fell over 4% today after a large block deal involving around 1.9 crore shares, equivalent to 5% equity, changed hands at a price of ₹1,160 per share. The transaction, valued at approximately ₹2,273 crore, weighed on the stock despite the buyers and sellers not being immediately disclosed.
According to exchange data, the block trade took place at a discount to the previous closing price of ₹1,221.20. The identities of the parties involved have not been confirmed yet, and the market is awaiting further clarity on whether the transaction marks an exit or entry by a major shareholder.
At the time of writing, 360 One WAM shares were trading at ₹1,164.80, down 4.62% on the NSE.
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