New Delhi, Sept. 24 -- Nephrocare Health Services shares declined more than 5% on Thursday, 24 September, after reports said that a group of promoter and investor entities may sell shares through a block deal worth up to Rs.650 crore.

According to media reports, the transaction has a base size of Rs.400 crore, with an additional Rs.250 crore upsize option. The shares are reportedly being offered at Rs.705 per share, representing a discount of around 5% to the stock's previous closing price of Rs.741.90.

The proposed transaction is reportedly being managed by IIFL Capital along with other brokers. The sellers include Investcorp Private Equity Fund II, Healthcare Parent Limited, Investcorp India Private Equity Opportunity Limited, Edoras ...