India's Lodha Developers falls after block deal involving 1% stake

Lodha Developers

23/07/2025 05:26

** India's Lodha Developers LODH.NS slumps as much as 6.6% to a two-month low of 1,346.5 rupees; last down 5.8%

** Set for biggest daily pct drop in more than three months

** A block deal involving 9.95 million shares, representing a 1% stake in the real estate company, is executed at the price of 1,384.4 rupees per share, as per LSEG data

** CNBC-TV18 reported on Tuesday that an existing investor is likely to sell 1% stake in a $165 million block deal

** More than 14 million shares change hands, ~15x its 30-day avg daily volume

** Stock erases YTD gains, down ~3%

(Reporting by Vivek Kumar M)

((VivekKumar.M@thomsonreuters.com;))