Overview

• Promoters offloaded 7.2% equity through block deals worth Rs1,082 crore at an offer price of Rs82 per share
• The Rs82 price represented an 11.1% discount to the May 30 closing level of Rs92.29 on the NSE
• Initial trades saw 5.17 crore shares change hands in Rs436 crore of block deals, driving the stock down 11.55% to Rs81.63
• In Q4FY25, net profit rose 31.2% year-on-year to Rs206 crore, backed by an 18.14% increase in gross premiums to Rs2,078.65 crore
• Despite the stake sale, solvency remained at 3.03% even as underwriting profit slipped 12.2% and operating profit declined 43.1% in the quarter