Eureka Forbes Block Deal | 9.3% equity worth ₹975 crore changes hands

As many as 1.79 crore shares or 9.3% equity of Eureka Forbes worth ₹975 crore changed hands in a block deal window on Thursday, February 22

On Wednesday, February 21, sources had said Lunolux, a firm backed by private equity firm Advent International, was likely to sell up to 12% stake (2.3 crore shares) in health and hygiene products maker Eureka Forbes Ltd via block deals.

The floor price of the deal was set at ₹494.75 per share, with a maximum allowable discount of 3%, sources in the know told CNBC Awaaz on Wednesday. The transaction was estimated to be worth approximately ₹1,150 crore, the sources added.