Sharp surge in markets boosts equity share sales of listed companies

A sharp surge in the market from this year’s lows in June is stoking equity-share sales at listed companies.

So far this month, block deals of nearly Rs 47,000 crore have been executed — the most since October 2021, when markets made their lifetime highs. While deals across the board are getting executed, start-ups and financial sector firms are leading the charge.

Some of the large transactions that have got executed this month include private equity firm KKR’s entire 27 per cent stake divestment in Max Health, Uber’s entire 7.8 per cent stake sale in Zomato, and abrdn’s paring of