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According to reports, nearly 7 crore shares could change hands through the block deal, with an option to increase the deal size depending on investor demand.
Several early investors, including Birdseye View Holding, TR Capital Mauritius, ABG Capital, and Kariba Holdings, are reportedly looking to exit their investments completely. Alpha Wave may also trim its holdings, although a part of its shares could remain under a separate lock-in arrangement.
The block deal size was earlier estimated at around Rs. 3,293 crore but has now been increased significantly, indicating strong institutional interest in the transaction.
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