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Block deals are gearing pace on the D-Street with 4 block deals expected to take place in Wednesday's session (June 4, 2025). After a large scale of similar deals in the previous session counters which are slated to see block deals today are AB Fashion, Alkem Lab, Tata Technologies and Indegene Limited.
Flipkart is known to sell around 6 per stake in the retail entity- AB Fashionfor Rs 600 crore. Similarly, in Alkem Labs. part of the promoter group Jayant Sinha will offload 2.9 per cent stake in the deal for Rs 825 crore.
CA Dawn Investments, which is a vehicle for global PE firm Carlyle, is known to divest 10.2 per cent stake in Indegene ( Rs1,420 crore) and TPG Rise is exiting its complete 2 per cent stake in Tata Technologies ( ₹635 crore), according to the terms.
What are block deals?
Typically block deals are privately negotiated large deals between two parties - involving foreign instiutional investors which take place at a pre-decided price with a transaction value of a minimum of Rs 5 crore.
Such transactions are carried during the pre-trading session and are immediately reported to the exchanges for transparency such that prices do not see any drastic changes.
Anil Singhvi's view on block deal
Zee Business Managing Editor suggested that it will be difficult to make profits in block deal, so better avoid it. For Alkem Labs, the expert held that if the deal take place at a sufficient discount over the previous day's close -then it could offer a good opportunity for trade.
Also, for Tata Technologies, the investor iterated that at the floor price it will be a good bet to invest in Tata Technologies shares.
Further, he has recommended buying futures of Tata Technologies at the deal price or floor price for targets of Rs 767, 775, 780- keeping the stop loss at Rs 735.
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