Shares of Geojit Financial Services, part of the portfolio of Rekha Jhunjhunwala — wife of late market veteran Rakesh Jhunjhunwala — rallied 8.5% in intraday deals on Monday, December 15, following reports of a large block deal on the counter.
Several media reports indicated that 4.25 crore shares or 15.25% equity of the company changed hands in multiple transactions worth ₹ ₹290 crore. According to CNBC TV-18, shares changed hands at an average price of ₹68 per share. Mint could not independently verify this report.
The data is released post-market trading hours and will shed light on the likely buyers and sellers involved in the likely block deal today.
Geojit Financial Services is part of Rekha Jhunjhunwala’s stock portfolio, with the investor holding a substantial 7.20% stake (2,00,99,400 shares) in the counter as of the September quarter shareholding pattern.
