Indegene shares fall nearly 7% after 4.7% equity worth Rs 707 crore changes hands in large block deal

Shares of Indegene Limited fell over 6% on Monday after a significant block deal involving 1.13 crore shares, amounting to 4.7% of the company’s equity, changed hands. The transaction, valued at ₹707 crore, was executed at an average price of ₹623 per share, which is at a discount to the last closing price.

The stock opened at ₹673 and dropped to ₹624.25 by 09:37 IST, a decline of ₹43.20 or 6.47%. The stock recorded an intraday low of ₹616.00, reflecting activity triggered by the large deal.

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Indegene operates as a life sciences commercialization company, offering digital-led services across medical solutions, commercial solutions, and omnichannel activation.

INDEGENE LIMITED Share Price history

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Day Open Close Change %
Mon, Dec 2 2024
₹673.00
₹667.45
-2.17%
Fri, Nov 29 2024
₹687.70
₹682.25
-0.39%
Thu, Nov 28 2024
₹675.10
₹684.90
+1.45%
Wed, Nov 27 2024
₹670.00
₹675.10
+1.29%
Tue, Nov 26 2024
₹670.75
₹666.50
-0.09%
Mon, Nov 25 2024
₹650.00
₹667.10
+4.19%
Fri, Nov 22 2024
₹643.90
₹640.30
-0.09%
Thu, Nov 21 2024
₹638.95
₹640.90
+0.87%

 

As of 09:37 IST, Indegene shares were trading at ₹624.25, marking a 6.47% decline for the day.

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