L&T Finance shares surge after major block deal

A significant block deal involving 8.82 crore shares of L&T Finance Limited took place on June 13. This transaction caused the company’s shares to climb by 5.2 percent, reaching a new 52-week high of ₹179. The deal was executed at a floor price of ₹170.62 per share, which is a 0.85 percent discount from the last closing price.

Sources indicate that private equity firm Bain Capital might be exiting the company by selling its remaining stake through this block deal.

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As of 10:40 AM, L&T Finance shares were trading at ₹177.32, marking a 3.93 percent increase.