Devyani International tanks 7% after over 2% equity traded via block deals

At 09:15 am, around 28.95 million equity shares representing 2.4 per cent of the total equity of the company changed hands on the BSE, the exchange data shows.

Shares of Devyani International (DIL) tanked 7 per cent to Rs 182.50 on the BSE in Tuesday’s intra-day trade after over 2 per cent of the total equity of the restaurants company changed hands via block deals.

At 09:15 am; around 28.95 million equity shares representing 2.4 per cent of the total equity of DIL changed hands on the BSE, the exchange data shows. The names of the buyers and sellers were not ascertained immediately.

As on June 30, 2022, the promoters held 62.80 per cent stake in DIL. Among the public shareholders, Dunearn Investments (Mauritius) Pte Ltd