In a significant market development, a large block deal took place today in AU Small Finance Bank, with 1.3 crore shares, equivalent to 1.7% of the bank’s equity, changing hands at a price of ₹630 per share. The total value of the transaction amounted to approximately ₹804 crore.
The block deal, executed through the stock exchange’s block deal window, has sparked interest among investors and analysts alike. While the identities of the buyer and seller have not been officially disclosed.
The stock opened in the green, indicating a positive start to the trading session. AU Small Finance Bank’s stock price is currently trading at ₹631.75 on the NSE premarket, up 0.95% or ₹5.95 from the previous close. The final price and quantity will be determined once regular trading begins.
