Inox Wind Shares Fall 9% After ₹414 Crore Block Deal

Inox Wind shares drop 9% after block deal Promoter sells 5% stake for ₹414 crore Promoter stake may fall below 50%

Shares of Inox Wind Ltd. declined as much as 9% on Tuesday after a large trade that took place in the stock.

As many as 2.75 crore shares or 5% of the company's total equity changed hands in a block deal that took place on the exchanges.

The average price at which the shares changed hands was ₹151 per share, taking the total transaction value above ₹400 crore.

Source: Inox Wind share price falls 9% after ₹414 crore block deal; Promoter said to be seller