Netweb Tech Block Deal: ₹682 Crore Equity Changes Hands, Stock Dips 3%

• 3.93% equity (23.32 lakh shares) of Netweb Technologies India Ltd. worth ₹682.3 crore traded in a block deal on Thursday, February 12.
• Promoters Sanjay Lodha, Navin Lodha, Niraj Lodha, and Vivek Lodha were expected to sell up to a 3% stake.
• The offer size was estimated at ₹514.5 crore with a floor price of ₹3,027 per share, including a 60-day lock-in for sellers.
• Netweb Tech's Q3 revenue surged 140% to ₹804 crore, and EBITDA rose to ₹97.5 crore.
• Shares declined 2.39% to ₹3,049 apiece, despite a 98.5% gain over the past year.