Edelweiss Financial Services shares rise 4% despite three block deals

Edelweiss Financial Services witnessed three block deals in which around 70.10 million shares or 8.4% stake of the company changed hands, according to a Bloomberg report


In the opening trade, the Edelweiss Financial Services shares fell as much as 5% but soon recovered and jumped 4%. The scrip, however, closed flat in Mumbai. Photo: Phin
In the opening trade, the Edelweiss Financial Services shares fell as much as 5% but soon recovered and jumped 4%. The scrip, however, closed flat in Mumbai. Photo: Phin

Mumbai: Shares of Edelweiss Financial Services Ltd on Friday opened sharply lower after three block deals. In the opening trade, the stock fell as much as 5% to touch a low of Rs127.25 a share but recovered soon and jumped 4%.

The scrip, however, closed almost flat as it rose up 0.07% to Rs134.20.

The company witnessed three block deals in which around 70.10 million shares or 8.4% stake of the company changed hands, according to a Bloomberg report.

However, details of the buyers and sellers were not known.

According to a CNBC report, First Carlyle Ventures sold its 9.2% stake in the company. As of Thursday’s close price First Carlyle Ventures stake valued at around Rs 912 crore.

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