A big block deal can be seen in the non-banking financial company Five Star Business Finance. Sources have given this information to CNBC Awaaz. According to sources, private equity funds can sell their stake in NBFC through a block deal. The news came after the close of trading on Wednesday. The stock saw a sharp rise in Wednesday's trading and the stock closed with a gain of more than 4 percent on BSE at the end of trading.

Sources have informed that TPG, Sequoia Capital can sell 19.22% stake in the company. The floor price for the block deal can be Rs 768 per share. That is, the floor price is at a discount of about 5% from Wednesday's closing price. Based on the floor price, a block deal of Rs 4317 crore can be done in Five Star Finance. Kotak Securities has been appointed as the broker for the deal. How has the stock performed? The stock closed at 808.4 with a gain of 4.51% on Wednesday's trading. During the session, the stock reached the day's high of 836, that is, the stock has seen a gain of 8% during trading. The stock has seen fluctuations during the last one year. A year ago, the stock was below the level of 700. The highest level of the stock for the year is 860 and the lowest level is 601. ICICI Securities and Motilal Oswal have issued investment advice for the stock. ICICI Securities has given a target of 930 for the stock and Motilal Oswal has given a target of 950 for the stock. Both reports were released in early August. That means the stock can see a further rise of 17 percent from here.