Rs 1,800 Crore market cap gone in five minutes - Biocon has 2.3% equity change hands in a block deal

Shares of Biocon ended 8.8 percent lower on Friday, with majority of the fall coming in the last five minutes of the trading session.

The stock fell after 2.76 crore shares of the company or 2.3 percent of the total equity exchanged hands in a block deal, which took place at 3:25 PM.

The transaction was valued at Rs 574.78 crore. Shares exchanged hands at an average price of Rs 200.9 apiece.