Happiest Minds in Low Spirits: Why this tech mid-cap stock slipped 9.50% in todays trade
There were reports that a block deal of Rs 754 crore was possible in the company on Tuesday. It was reported that promoter Ashok Soota could sell his six per cent stake (91.3 Lakh shares) at a floor price of Rs 826 per share (a 10 per cent discount from CMP).
Happiest Minds Share Price/Block Deal: Happiest Minds Technologies crashed by nearly 9.50 per cent on BSE on Tuesday (June 25, 2024) after the mid-cap tech firm reportedly had a large block deal today.
After closing at Rs 917.05 each, Happiest Minds shares slipped by 9.47 per cent to the Tuesday's low of Rs 830.20 apiece.
After starting the day at Rs 917.05, the stock of Happiest Minds was trading lower by 8.21 per cent, or Rs 75.25, at Rs 841.80 at 11:44 am on Tuesday.
Earlier, there were reports that a block deal of Rs 754 crore was possible in the company on Tuesday.
It was reported that promoter Ashok Soota could sell his six per cent stake (91.3 Lakh shares) at a floor price of Rs 826 per share (a 10 per cent discount from CMP).
Promoter Ashok Soota's current stake in the company is 38.34 per cent.
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