Piramal Enterprises To Sell Entire 8 34 Stake In Shriram Finance Via Block Deal Reports

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

Piramal Enterprises to sell entire 8.34% stake in Shriram Finance via block deal: Reports

ri-calendar-2-lineJun 21, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

According to the media reports, Piramal Enterprises planning to sell an 8.34% stake in Shriram Finance for Rs 4,630 crore via a block deal. 

The floor price has been set at Rs 1,483 per share, a 4.9% discount to the closing price of Rs 1,559.85 on the NSE. Further, a discount of around 5%, as the current market price of Shriram Finance's stock is Rs 1,559.45 on the BSE.

The sale of 3.12 crore shares by Piramal is scheduled for Wednesday, with the expected settlement date set for June 22, 2023, the term sheet said.

Morgan Stanley India will act as the sole placement agent for this transaction.

Source: Media reports

Related News

News Thumbnail
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

News Thumbnail
Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

News Thumbnail
Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

News Thumbnail
Company

NBCC Arm Gets Two Construction Projects Worth Rs 443.61 Cr

4 mins read. August 2, 2024 at 12:33 PM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions