India, July 20 -- Block deals often attract investor attention because they can signal changing institutional ownership and confidence in a company's long-term prospects. In the latest transaction, Rappid Valves (India) saw a new institutional investor enter even as an early backer monetised part of its investment.

Shares of Rapid Valves Limited were trading at Rs 373, up by 7.06 percent from the previous close of Rs 348.4. The stock opened at Rs 353.95, touching an intraday high of Rs 375 and a low of Rs 353.95. The company currently has a market capitalisation of Rs 194 crore.

Aegis Investment Fund Acquires Nearly 4% Stake According to the block deal data, Aegis Investment Fund acquired 2.06 lakh equity shares, representing a 3.97% st...