Earnings season is over, and block deals are back.
Dalal Street has already seen block deals worth over $1 billion or over ₹9,000 crore in the first few minutes of trade in Tuesday's trading session as the streak of promoters and private equity selling resumed with the conclusion of the quarterly results season.
Block deals have taken place on Tuesday in shares of Mphasis, Paytm, Emcure Pharma, ITC and BlackBuck (Zinka Logistics), where existing promoters or PE firms are the likely sellers.
Mphasis
Mphasis has seen the biggest block deal among the five stocks and this is also a confirmation of a CNBC-TV18 newsbreak.
Here, Blackstone sold up to 9.5% of the total equity, or 1.8 crore shares via block deals in today's session. The floor price of the block deal was said to be ₹2,570 per s

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