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Sanjay Lodha, Navin Lodha, Vivek Lodha, and Niraj Lodha are likely to sell 20.54 lakh shares of Netweb Technologies via block deals, with a floor price set at ₹2,180 per share, sources to @nimeshscnbc. Subsequently, 20.5 lakh shares, representing 3.64% equity and worth ₹459 crore, changed hands at ₹2,232 per share. The transaction involved six entities, including Citigroup Global Markets Mauritius, ICICI Prudential MF, and Societe Generale, acquiring stakes in Netweb Technologies India for ₹458 crore through open market transactions.
Six entities, including Citigroup Global Markets Mauritius, ICICI Prudential MF and Societe Generale, on Friday acquired stakes in Netweb Technologies India for Rs 458 crore through open market transactions. https://t.co/xTtrMYtncg
Found this Credit Suisse report from 2001 about Rediff, the first Indian internet firm to list on NASDAQ. It delisted several years ago and has now sold majority stake for up to $3 million. https://t.co/Vlr521eMek
#MarketsWithMC | Shares of Netweb Technologies worth as much as Rs 459 crore were sold in a block deal, with four promoters being the likely sellers in the transaction. More details here 👇 https://t.co/tR4vPzgjC5 #NetwebTech #BlockDeal