V-Guard shares soar 6% after block deal worth Rs 100 crore

Buyers and sellers in the transaction could not be immediately identified.

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Shares of  V-Guard Industries soared nearly 6 percent in opening trade on December 22 after a block deal worth Rs 100 crore took place on the exchanges.

Around 35 lakh shares of the company changed hands at a floor price of Rs 286 apiece which represents a slight discount from the stock’s closing price of Rs 287.15 in the previous session.

Moneycontrol could not immediately identify the buyers and sellers involved in the transaction.

At 9.18 am, shares of V-Guard Industries were trading 3.8 percent higher at Rs 298 on the NSE.

(This is a developing story. Please come back for more)