The number of shares that changed hands amount to 1.75% of the company’s outstanding equity.
Shares changed hands at an average price of ₹1,659 per share, taking the total transaction value to ₹499 crore. Buyers and sellers in the transaction are not officially known.
Multiple individual investors were likely to be the sellers in this transaction, sources in the know told CNBC-TV18.
Floor price for the block deal was fixed at ₹1,650 per share, which was a discount of 2.6% in comparison to Wednesday’s closing price.
The Nistha Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust and Aryaman Jhunjhunwala Discretionary Trust are classified as promoters of IKS Health, with a 16.37% stake each. Other individual entities are also classified as promoters of the company at the end of the March quarter.
Interestingly, the block deal comes just a day after the company’s six months and beyond shareholder lock-in period ended on Wednesday. As many as 10.5 crore shares of the company worth nearly $20 billion became eligible to trade as the lock-in period ended.
IKS Health was also part of CNBC-TV18’s D-Street Chatter on Wednesday, where it was highlighted that a block deal is likely to take place in the stock.
Shares of IKS Health are trading 3% lower in early trading on Thursday at ₹1,652. The stock had ended 8.7% lower on Wednesday at ₹1,695. The stock is trading 22% below its post-listing high of ₹2,185.
First Published: Jun 19, 2025 6:40 AM IST
