November 21 witnessed a flurry of high-value block deals across multiple stocks, with AWL Agri Business, Karnataka Bank, Max Financial Services, Reliance Industries, and Sagility seeing significant investor activity. Here’s a detailed breakdown of the major transactions that shaped the trading session.
Adani Commodities Sells 7% Stake in AWL Agri Business
Promoter group entity Adani Commodities offloaded a substantial 7% equity stake in AWL Agri Business (formerly Adani Wilmar) through two major open market transactions.
Deal Details
- 3.94 crore shares sold at ₹275.09 per share
- 5.15 crore shares sold at ₹275 per share
- Total deal value: ₹2,502.2 crore
Following the large promoter sale, shares of AWL Agri Business slipped nearly 1%, closing at ₹274.1 on the NSE amid heavy volumes.
Karnataka Bank Gains on Heavy Buying
Karnataka Bank saw strong trading interest, rallying almost 8% to ₹188.76, as it broke past key moving averages backed by robust volumes.
Key Block Deal
- Investor Aditya Kumar Halwasiya acquired 38 lakh shares
- Equivalent to 1% of the bank’s paid-up equity
- Purchase price: ₹185.87 per share
- Deal value: ₹70.63 crore
The sizable purchase boosted sentiment and helped lift the stock sharply.
Max Financial Services: Promoter Reduces Stake
Promoter entity Max Ventures Investment Holdings trimmed its stake in Max Financial Services from 1.62% to 1.16%, selling 0.46% of its equity.
Deal Breakdown
- 16 lakh shares sold at ₹1,681 per share
- Total value: ₹268.96 crore
- Buyers included:
- Morgan Stanley
- Tata Mutual Fund
- WhiteOak Capital MF
- Alphagrep Investment Management
- Viridian Asia Opportunities Master Fund
Despite the strong institutional participation, Max Financial Services’ stock closed 1.84% lower at ₹1,661.5.
Reliance & Sagility See Notable Institutional Trades
Reliance Industries
- Buyer: BofA Securities Europe SA
- Seller: Goldman Sachs Bank Europe SE – ODI
- Shares Traded: 3.52 lakh
- Price: ₹1,534 per share
- Deal Value: ₹54.01 crore
Sagility
- Buyer: BNP Paribas Financial Markets
- Seller: Integrated Core Strategies (Asia)
- Shares Traded: 35 lakh
- Price: ₹48.23 per share
- Deal Value: ₹16.88 crore
Both transactions marked strong institutional interest, contributing to the day’s heightened market activity.
Summary
November 21 was marked by several large block trades across key stocks. Adani Commodities’ ₹2,502 crore stake sale in AWL Agri Business dominated the session, while Karnataka Bank saw bullish sentiment driven by a ₹70 crore purchase. Promoter stake trimming in Max Financial, along with institutional trades in Reliance and Sagility, added to the day’s momentum. These transactions underscore robust institutional engagement and shifting ownership patterns across prominent companies.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
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