Shares of Aditya Birla Lifestyle Brands soared over 10% on October 6 after a significant block deal, touching an intraday high of ₹150.79. This marked the stock’s third consecutive session of gains. By 10:25 am, the stock trimmed some gains to trade at ₹147.19.
According to a CNBC-TV18 report, Flipkart is believed to have sold its entire 6% stake in the company through block deals, likely offloading 7.3 crore shares worth ₹950 crore at a base price of ₹130 per share—around 5% lower than the previous close of ₹136.45.
The block deal triggered a surge in trading volumes, with 7.24 crore shares, representing 5.93% equity, changing hands. The identity of the seller was not officially confirmed at the time.
Trading activity remained robust, with over 1 crore shares traded during the session—seven times higher than the stock’s 10-day average volume—reflecting heightened investor interest following the stake sale.