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Swan Energy saw significant trading activity with 39.2 lakh shares, representing 1.25% of its equity, worth ₹261 crore changing hands in three block deals. Notably, BlackRock funds acquired a stake in Swan Energy through these block deals, amounting to ₹304 crore. Following the acquisition, Swan Energy's shares surged by 5%, reaching Rs 727.20 per share and got locked in the upper circuit on the NSE.
#SWANENERGY Swan Energy soars 5% after #BlackRock acquires stake in the company on Monday via block deals.
#MarketsWithBS | Shares of #SwanEnergy got locked in the 5% upper circuit at Rs 727.20 per share on the #NSE in Tuesday’s early morning deals. #markets #sharemarket #StockMarket #buzzingstocks https://t.co/BDTeljdSJH
#BlackRock funds buy stake in #SwanEnergy on Monday via block deals worth ₹304 crore, writes @hormaz_fatakia Visit the below mentioned link for more details on the #BlockDeal https://t.co/gTFLELonX8