Indian equities saw a flurry of high-value block trades worth more than ₹13,000 crore over 16–17 June, with large stakes in Asian Paints, Vishal Mega Mart and Zydus Wellness changing hands even as broader market indices traded flat. In the biggest move on 17 June, Vishal Mega Mart’s promoter sold 91 million shares, representing 19.82 per cent of the retailer’s equity, for ₹10,488 crore at ₹115 a share. The stock fell about 7 per cent immediately after the transaction. A day earlier, Reliance Industries divested 8.5 million Asian Paints shares—roughly 0.9 per cent of the company—raising ₹1,876 crore at an implied price of about ₹2,207 per share. The entire stake was acquired by ICICI Prudential Mutual Fund, and the paint maker’s stock finished little changed following the deal. Separately, 4.627 million shares of Zydus Wellness, equal to 7.3 per cent of the health-foods company, exchanged hands for ₹879 crore at ₹1,900 per share. The stock traded higher after the block crossed on the exchanges. The spate of block deals comes as the benchmark Nifty 50 opened almost unchanged at 24,978 on 17 June, with traders weighing lingering Middle-East tensions and awaiting the Bank of Japan’s policy decision.
#VishalMegaMart shares fall 7% after equity worth ₹10,488 crore changes hands @VivekIyer72 @hormaz_fatakia https://t.co/S3qMjR3OBb
#MarketsWithMC | Zydus Wellness block deal: 46 lakh shares worth Rs 879 crore exchanged, shares gain #Zydus #Shares #Markets Read more here👇 https://t.co/sXY9IEB4Bt
#MarketOpeningBell | #Markets opened on a cautious footing as #IranIsraelTensions kept sentiment in check. A 1.6% overnight drop in #OilPrices offered some respite. #Sensex at 81,704, down 92 pts; #Nifty flat at 24,944. #MarketsWithBS #sharemarket https://t.co/bID1COUmYZ