Business · Updated 10 Oct, 01:45 am IST
Peak XV sells 12.2 lakh Awfis shares in ₹29.8 crore bulk deal
Why it matters for readers: It explains a clear example of a bulk share sale and how a company’s stock performance can prompt major investors to exit.
- Peak XV Partners sold 12.2 lakh Awfis shares via its affiliate Peak XV Partners Investment V for about ₹29.8 crore.1
- The shares were offloaded at ₹245 apiece, a 0.9% discount to the previous closing price.1
- Kritagyata Trust purchased 11.5 lakh shares at about ₹244.97 each, totaling ₹28.2 crore; buyers of the remaining shares were not disclosed.1
- After the sale, Peak XV’s holding in Awfis was more than halved and stood at about 3.24% (23.2 lakh shares) at end-June 2026.1
- Awfis shares have fallen heavily over the past year, down over 58.6% and near their 52-week low, prompting the bulk sale amid losses.1
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