Block deals in October 2023: Zomato and Aditya Birla Fashion top the list

Monitoring significant stock transactions like block deals can offer valuable insights for informed investors. These deals, involving large quantities of shares, often reflect major investors’ sentiments and can influence a stock’s price and market perception. Block deals require a minimum of 5 lakh shares or a value of Rs 10 crore to be traded at a single price between two parties.

Here are the notable block deals from October 2023, sourced from the National Stock Exchange: 

Krsnaa Diagnostics Limited: On October 3, 2023, Krsnaa Diagnostics Limited witnessed significant trading activity. East Lane Capital LLP made a substantial purchase of 1,50,000 shares at an average trade price of Rs 675 per share, while Medimaze Solutions Private Limited sold an equal number of shares at the same price.

Sheela Foam Limited: On October 3, Sheela Foam Limited took the spotlight. Blue Diamond Properties Private Limited bought 8,34,644 shares at a trading price of Rs 1,114 per share. Simultaneously, Winro Commercial India Limited sold the same number of shares at the same price.

Infibeam Avenues Limited: On October 5, Mayur Desai HUF sold 60,00,000 shares at Rs 17.4 per share, and Abhishek Mayur Desai bought all the shares at the same price. Moreover, multiple block deals happened on different days in October, where Mayur Desai HUF sold 1,90,00,000 shares at various prices, and all the shares were bought by Abhishek Mayur Desai.

PB Fintech Limited: On October 6, PB Fintech Limited was in the spotlight, with multiple buyers participating in the block deal. Various entities, including Advisors Inner Circle Fund III-Ninety-One Emerging Markets Equity Fund, AMP Capital Fund Management Limited, and others, made significant purchases. Meanwhile, a total of 83,23,576 shares were sold by SVF India Holding Limited, and SVF Python II Limited sold 11,39,329 shares for 762.8 per share.

NBI India Finance Limited: On October 18, NBI India Finance Limited’s share saw interesting trading action where Dorite Tracon Private Limited sold 74,000 shares at a trade price of Rs 1,785 per share, while Tanushree Logistics Private Limited bought an equal number of shares at the same price.

DCW Limited: On October 19, the APMS Investment fund sold shares of the company and sold 49,72,323 shares at an average price of Rs 56.25 per share. These shares were purchased by Eriska Investment Funds Limited.

Kiri Industries Limited: On October 19, the APMS Investment fund sold shares of the company and sold 11,40,323 shares at an average price of Rs 270.25 per share. These shares were purchased by Eriska Investment Funds Limited at the same price.

Zomato Limited: On October 20, Zomato Limited attracted several institutional buyers, including Abu Dhabi Investment Authority, Citigroup Global Markets Mauritius Pvt Ltd, and many others, who purchased substantial quantities of shares, while SVF Growth (Singapore) PTE Limited sold 9,35,69,368 shares at an average price of Rs 111.2 per share on the market.

Aditya Birla Fashion and Retail Limited: On October 25, Aditya Birla Fashion and Retail Limited witnessed significant trading action. Cresta Fund Ltd made a substantial purchase of 97,33,098 shares, while Griffin Growth Fund VCC sold the same number of shares for Rs 212.5 per share.

Grasim Industries Limited: On October 26, Grasim Industries Ltd experienced noteworthy trading. Cresta Fund Ltd bought 5,48,322 shares at an average price of Rs 1840 per share, while Griffin Growth Fund VCC sold an equal number of shares.

Jindal Stainless Limited: Jindal Stainless Limited witnessed a block deal on both October 26 and 27. Hypnos Fund Limited sold 30,78,000 shares at an average price of approximately Rs 457 per share, and JSL Overseas Limited bought all the shares.

Kesoram Industries Limited: On October 30, another significant block deal happened in the shares of Kesoram Industries Limited. ICM Finance Private Limited sold 25,00,000 shares at an average price of Rs 76.25 per share, while Pilot Consultants Private Limited bought the same number of shares.

Bajaj Finserv Limited: On October 31, the last company where a major block deal happened, Bajaj Finserv Limited, attracted attention that day, with Bajaj Sevashram Private Limited buying 6,35,000 shares, and Niraj Bajaj selling an equal number of shares at a trade price of 1,570 per share.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.