Anil Ambani promoted Reliance Capital has hiked its stake in group firm Adlabs Films to over 11 per cent through additional purchase of
share worth Rs 85 crore.
Reliance Capital has bought 24 lakh shares representing 5.21 per cent stake in Adlabs Films at the rate of Rs 355 a share, aggregating to Rs 85.20 crore through a block deal on the Bombay Stock Exchange.
RelCap, which is one of the Adlabs promoter group firms, now holds 11.22 per cent stake in the company.
Besides, through a separate block deal on the BSE, AAA Entertainment has sold 24 lakh shares for Rs 355 a piece, aggregating to Rs 85.20 crore.
AAA Entertainment which held 10.41 per cent stake in Adlabs at the end of June quarter, now holds over 5 per cent in the company.
But its quite surprise, such a big deal took place but why the stock didnt surge much.. It surged as much as 10rs or so and then by end of th day it fell into negative zone even though sensex holded its strength for nearly 200points on wednesday..
Even today i dont think, 8rs is much big movement, even today it surged 16rs and falling again..
seems to be at each higher levels profit booking is happening... which means, any tempt is coing down to this share or what....?
Block deals usually don`t happend in regular trading day they happen in seperate window just before the market opens. This is to avoid volatility due to block deals
I agree, big deals will happen in pre market tradings, so when will it come in effect i.e.) it shud reflect in share price by increasing right...? why it was not happened...?
Thanks.
| NIFTY 
