Today, several stocks, including IRB Infrastructure Developers Ltd, RR Kabel Ltd, and KFin Technologies Ltd, were in the spotlight due to reports of block deals. Promoter and promoter group entities, namely Deepali Virendra Mhaiskar and IRB Holding Private, are anticipated to sell a 4% stake in IRB Infrastructure, aiming to raise Rs 1,512 crore.

As of 10:30 am, IRB Infra shares had dropped 11.95% to Rs 66.70. Meanwhile, RR Kabel shares rose by 3.47% to Rs 1,737.00, and KFin Technologies Ltd shares decreased by 3.89% to Rs 694.10.

For wire and cable manufacturer RR Kabel, PE firm TPG Asia is reportedly selling its entire 5% stake, valued at Rs 957 crore ($114.9 million), according to ET. As of the end of the March quarter, TPG Asia held this 5% stake, based on exchange filings. The sellers have listed 56 lakh shares for sale at a floor price of Rs 1,700 per share, with IIFL Securities serving as the banker for the deal.

Regarding IRB Infrastructure, promoter and promoter group entities, including Deepali Virendra Mhaiskar and IRB Holding Private, plan to offload a 4% stake in the company, aiming to raise Rs 1,512 crore. According to ET, the sellers have offered 24 crore shares for sale at a floor price of Rs 63-72.70 per share, which represents a 13% discount at the lower end compared to the closing price on Wednesday.

Meanwhile, KFin Technologies might witness General Atlantic Singapore selling up to 6.8% of its equity at an estimated floor price of Rs 712.5 per share, which is a 4% discount to Wednesday’s closing price.

According to a CNBC TV18 report, the total deal size, including the green shoe option, is 1.17 crore shares. The base issue size is Rs 500 crore, with the potential to be increased to Rs 833.30 crore. Business Today could not independently verify these reports.