A basic question:
Sometimes we see that a bulk/block deal is made when an investor sells stake in a company, either generally or upon expiry of lock-in period of an IPO.
Price of the stock goes down, or goes up. For example Zomato lock-in ended with stock price going south whereas recently Tiger and SoftBank sold stake which took the price north.
What is the reason for that? I assume that in such deals if there is a seller, there is a buyer also.
Is it because of additional open market selling?
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