Lodha Falls on $165M Block Deal

  Published 11 months ago

Lodha Developers slumps 6.6% to two-month low after 1% stake sold via block deal; stock erases year-to-date gains.

  • 9.95 million shares sold at ₹1,384.4 each; CNBC-TV18 flagged $165M sale by existing investor.
  • Over 14 million shares traded, 15x the 30-day average, triggering a sharp intraday selloff.
  • Stock now down ~3% YTD, set for worst daily fall in over three months.

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