Promoters of Jubilant Foodworks are likely to sell 2% of the company’s outstanding or 1.32 crore shares in the block deal. Floor price of the block has been fixed at ₹641 per share.
Jubilant Ingrevia’s promoters are likely to sell up to 7.5% of the total equity or 1.2 crore shares in this potential block deal. The floor price of this transaction has been fixed as ₹627.45 per share.
As many as 56 lakh shares of Jubilant Pharmova are also likely to change hands in the block deal today. That amounts to 3.5% of the outstanding equity of the company. Floor price for this transaction has been fixed as ₹1,013 per share.
Promoters of Jubilant Ingrevia had a 51.47% stake in the company, while they had a 50.68% stake in Jubilant Pharmova. Promoters had a 41.94% stake in Jubilant Foodworks, at the end of the March quarter.
Shares of Jubilant Foodworks had ended 2.7% lower on Thursday at ₹667, while those of Jubilant Pharmova fell 2.2% on Thursday at ₹1,121.2.
Jubilant Foodworks’ shares ended 2.7% lower on Thursday at ₹667.
