Stock prices of four Indian companies, including Mindspace Business Parks REIT, MOS Utility, Fairchem Organics, and HEC Infra Projects, dropped up to 4% due to block deals. These large transactions involving significant stakes and share volumes caused fluctuations in market prices, with notable deals executed on December 17, 2024, across multiple sectors.
1. Mindspace Business Parks REIT Limited
With a market capitalization of Rs. 95,804.88 crores, the shares of Mindspace Business Parks REIT Limited were trading at Rs. 365 per equity share, rising nearly around 0.64 percent from its previous day’s close price of Rs. 362.88.
On 17th December 2024, Platinum Illumination Trust, a unit of the Abu Dhabi Investment Authority (ADIA), planned to sell a 9.2% stake in Mindspace REIT through a ₹1,903 crore block deal, with a floor price of ₹350 per unit.
Notable bulk transactions included purchases by Capital Income Builder (10.24 million shares), HDFC Standard Life (3.95 million shares), and ICICI Prudential Mutual Fund (10.59 million shares) at ₹354.30 each.
Mindspace Business Parks REIT Limited was incorporated on December 10, 2019, and is a leading Indian REIT focused on Grade-A office spaces and business parks. The company offers investors opportunities in rental-yielding commercial real estate assets.
2. MOS Utility Limited
With a market capitalization of Rs. 737.22 crores, the shares of MOS Utility Limited were trading at Rs. 295.65 per equity share, rising nearly around 2.66 percent from its previous day’s close price of Rs. 288.
On December 17, 2024, Pine Oak Global Fund purchased a 0.56% stake in Mos Utility, acquiring 140,000 shares at an average price of ₹292.90 each through a bulk deal on the NSE. Earlier, on December 16, 2024, Trans-Galactic Trading FZ bought 200,000 shares at ₹299.79 each.
Mos Utility Limited was founded on July 27, 2009, and is a fintech company based in Malad West, Maharashtra. It provides a unified open API and wallet platform and transitioned to a public limited company in 2022, focusing on digital financial services.
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3. Fairchem Organics Limited
With a market capitalization of Rs. 1,507.17 crores, the shares of Fairchem Organics Limited were trading at Rs. 1,157.50 per equity share, down nearly around 3.43 percent from its previous day’s close price of Rs. 1,198.60.
FIH Private Investments acquired a 1.45% stake in Fairchem Organics Limited for Rs 21.51 crore on December 17, 2024. The purchase, involving 189,974 shares at an average price of Rs 1,132.28 per share, was executed on the NSE.
Fairchem Organics Limited was founded in 2019 and specializes in manufacturing specialty chemicals like dimer acid, linoleic acid, and tocopherol concentrates. These products cater to industries including nutraceuticals, paints, adhesives, and detergents, following its demerger from Fairchem Speciality Limited.
4. HEC Infra Projects Limited
With a market capitalization of Rs. 125.61 crores, the shares of HEC Infra Projects Limited were trading at Rs. 123.90 per equity share, down nearly around 1.99 percent from its previous day’s close price of Rs. 126.42.
Wealth First Portfolio Managers sold a 1.1% stake in HEC Infra Projects on December 17, 2024. The sale, involving 112,000 shares at an average price of Rs 128 per share, was executed on the NSE.
HEC Infra Projects Limited was incorporated in 2005 and specializes in engineering, procurement, and construction (EPC) services, focusing on electro-mechanical and instrumentation sectors. Headquartered in Ahmedabad, Gujarat, the company provides comprehensive electrification solutions across various industries.
Written By – Nikhil Naik
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