Jubilant Pharmova block deal: Quant Mutual Fund offloads Rs 190 crore stake amid Rs 800 crore fundraising plan; Abakkus buys 11 lakh shares

What happened: Quant Mutual Fund sold Jubilant Pharmova shares on the NSE and BSE, while Abakkus Four2Eight Opportunities Fund bought 11 lakh shares on the NSE. Key numbers: NSE sale: 11 lakh shares at Rs 915, about Rs 100.65 crore. BSE sale: 9,81,704 shares at Rs 915.01, about Rs 89.82 crore. Abakkus bought 11 lakh shares at Rs 915, about Rs 100.65 crore. Why it matters: The block deals shift part of Quant Small Cap Fund's stake to Abakkus. The board's postal ballot plan would let the company raise debt on a private placement basis.

Quant Mutual Fund sold Jubilant Pharmova shares on the NSE and BSE, while Abakkus Four2Eight Opportunities Fund bought 11 lakh shares on the NSE.

The block deals shift part of Quant Small Cap Fund's stake to Abakkus. The board's postal ballot plan would let the company raise debt on a private placement basis.