M&M declines after block deal

Around 7 million shares representing 1.1% of total equity capital of the company have changed hands on the NSE.

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SI Reporter Mumbai
Last Updated : May 14 2014 | 9:53 AM IST
Mahindra and Mahindra (M&M) has dipped more than 4% to Rs 1,074 on the back of multiple block deals on the NSE and BSE.

The stock opened at Rs 1,113 and has touched a high of Rs 1,112 on the NSE so far. A combined 7.92 million shares changed hands on the counter in opening trades on both the exchanges.

Around 7 million shares representing 1.1% of total equity capital of the company have changed hands on the NSE at a price between Rs 1,075 and Rs 1,082. On the BSE, around 189,000 shares changed hands at Rs 1,093 per share, the stock exchange data shows.

However, the name of the buyers and sellers are not immediately known.
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First Published: May 14 2014 | 9:30 AM IST

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