Portsmouth Technologies sells Anthem Biosciences shares worth Rs 250 crore in block deal

Portsmouth Technologies LLC sold 30 lakh shares of Anthem Biosciences in a block deal on October 9. The shares went for Rs 833 each, bringing the total transaction value to Rs 249.90 crore. This massive share sale means Portsmouth's stake in the company will drop by a wide margin.

Context

Anthem Biosciences recently reported a fall in total income and profit after tax for the first quarter of fiscal year 2027. Large investors often adjust their holdings in companies when financial results show a downward trend or when they want to unlock value from their investments.