Rs 10,900 cr-worth bulk & block deals take place this week; Amara Raja tops charts

economictimes.indiatimes.com:

bulk deals in nearly two dozen companies. The total deal value stood at Rs 10,926 crore with a lion's share accounting for Amara Raja Batteries. The other prominent names include Kotak Mahindra Bank, HDFC Bank, Reliance Industries and Power Grid Corporation.

Sizeable block deals (cumulative) executed on screen this week between 9:15 am and 15:30 pm were worth Rs 8,098 crore, according to a Nuvama report. In value size, the largest deal was witnessed in Amara Raja, which was worth Rs 1,714 crore. It was followed by Kotak Bank (Rs 892 crore), HDFC Bank (Rs 843 crore), RIL (Rs 813 crore), Power Grid Corporation (Rs 642 crore), Infosys (Rs 570 crore) and Mazagon Dock (Rs 413 crore).

The other companies that saw block deals include Bharti Airtel, Hindustan Unilever, Tata Consultancy Services, Bandhan Bank, IndusInd Bank, Voltas, Rallis India, Sun Pharmaceuticals, and Fortis Healthcare with executed deals worth between Rs 393 crore and Rs 188 crore in the descending order size.Here is a complete list of the deals: Bulk and block deals that were not executed on the screen amounted to Rs 2,828 crore, the Nuvama report said further. The spotlight fell on Amara Raja where Clarios ARBL Holding sold a stake worth Rs 1,561 crore. Meanwhile, Societe Generale (Rs 274 crore), Tata AIA (Rs 130 crore), Nippon India Mutual Fund (Rs 95 crore), Kotak Mutual Fund (Rs 60 crore) and Pinebridge India (Rs 65 crore) were buyers of the stock.

BNP Arb bought shares worth Rs 163 crore and later sold shares worth Rs 64 crore. Others who witnessed prominent bulk/block deals were Eric Life Sciences, Rama Steel Tubes and Rallis India. Week-on-week, the Nifty50 index settled 1.1% higher at 19,745 while the MSCI EM index slipped 1%.