Alkem Laboratories Block Deal: Shares worth Rs 118 crore change hands

Shares of Alkem Laboratories witnessed a significant block deal worth Rs 117.8 crore just before the market opened on June 25.

Approximately 3.6 lakh shares were traded in the block deal at Rs 4,956 per share, reflecting a 1 percent discount from the previous session’s closing price. As of now, the buyers and sellers involved in this transaction have not been identified.

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By 10:11 AM, Alkem Laboratories shares were trading 1 percent higher at Rs 5,055.30 on the NSE.

This follows a large deal on June 18, where 1.7 percent of Alkem’s equity stake changed hands for Rs 1,011 crore. In that transaction, a total of 20.4 lakh shares were sold at Rs 4,962 per share.

These recent trades highlight a surge in activity for Alkem Laboratories’ shares, signaling strong interest from investors.