“On February 21, Devyani International’s stock price surged by 6 percent following a block deal where 5.3 crore shares, equivalent to a 4.4 percent stake in the quick-service restaurant operator, were exchanged.
The stake was transacted at a minimum price of Rs 164 per share, representing a slight discount of 1.2 percent from the closing price of the previous session.
By 9:17 am, the stock was trading at Rs 175, showing a 6 percent increase from the previous closing price on the NSE. Over the past three months, the stock has experienced a decline of over 9 percent.”