Shares of Anthem Biosciences Limited surged to a day high of Rs 811 on NSE on 18 June after a large block deal worth nearly Rs 1,275 crore was executed in the pre-market window. The stock was up by 5% as the news spread through the market.

A large chunk of equity changed hands before the opening bell. The transaction involved a promoter group entity, Aruna Ganesh, offloading shares at a floor price of Rs 715 per share, roughly 7% below Wednesday’s closing price. 

CNBC-TV18 had flagged the deal a day earlier on Wednesday, reporting that Aruna Ganesh was looking to sell through this route.

A block deal of this kind doesn’t signal trouble for the company. It’s simply a large pre-arranged trade, usually between a promoter looking to partially exit and institutional buyers on the other side. 

No new shares are created and the company’s operations are unaffected. On the corporate actions front, Anthem Biosciences has announced a dividend of Rs 2 per share with an ex-date of 25 June 2026.

At 10:07 am on NSE, shares were trading up by 3.80% at Rs 796.65. The stock has gained nearly 25% so far this year.

The stock’s 52 week-high stands at Rs 873.50 and its 52 week-low stands at Rs 579.15.

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