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.


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