Block Deals Worth Rs 263.1 Crore Witnessed in Raymond Realty and Parent Company Raymond

Strategic Insights -

As Raymond Realty made its stock market debut, it witnessed a block deal where Norges Bank sold 4,12,585 equity shares approximately worth Rs 42 crore, while the parent company Raymond saw a flurry of block deals totalling over Rs 221 crore, as several institutional and proprietary investors exited significant positions. The combined value of these trades amounts to an estimated Rs 263.1 crore, signalling heightened activity as investors rebalance positions following recent corporate actions.

Key Takeaways:

  • Norges Bank sold 4,12,585 equity shares of Raymond Realty at a price of Rs 1,005.94, generating a deal size of approximately Rs 42 crore.
  • Parent company Raymond witnessed a flurry of block deals totalling over Rs 221 crore, with Graviton Research Capital LLP selling 11,41,077 shares at Rs 754.42, generating a deal size of Rs 86.1 crore.
  • NK Securities Research Pvt Ltd. offloaded 10,50,980 shares at Rs 754.60, worth Rs 79.4 crore, while QE Securities LLP sold 7,38,831 shares at Rs 753.91, totalling Rs 55.7 crore.
  • Other sellers included Marwadi Chandarana Intermediaries Brokers (Rs 41.0 crore), Alphagrep Securities (Rs 33 crore), HRTI Pvt (Rs 34.8 crore), Arham Wealth Management (Rs 31 crore), and Elixir Wealth Management (Rs 32 crore).
  • The combined value of the trades in Raymond Realty and Raymond Ltd. amounts to an estimated Rs 263.1 crore.
  • The twin block deals underscore continued institutional interest and exit as the market digests the demerger and new listing.

Statistics:

  • 4,12,585 equity shares of Raymond Realty sold by Norges Bank at Rs 1,005.94.
  • Deal size of Rs 42 crore from the sale of Raymond Realty shares.
  • Rs 221 crore worth of trades in parent company Raymond, as several institutional and proprietary investors exited significant positions.
  • 11,41,077 shares sold by Graviton Research Capital LLP at Rs 754.42, generating a deal size of Rs 86.1 crore.
  • 10,50,980 shares offloaded by NK Securities Research Pvt Ltd. at Rs 754.60, worth Rs 79.4 crore.
  • 7,38,831 shares sold by QE Securities LLP at Rs 753.91, totalling Rs 55.7 crore.

Sources:

  • Economic Times
  • Norges Bank
  • Graviton Research Capital LLP
  • NK Securities Research Pvt Ltd.
  • QE Securities LLP
  • Marwadi Chandarana Intermediaries Brokers
  • Alphagrep Securities
  • HRTI Pvt
  • Arham Wealth Management
  • Elixir Wealth Management