Block deals, June 13: Jubilant Ingrevia jumps 8%, Jubilant Food up 1% after large transactions; check details

According to NSE data, Jubilant FoodWorks, Jubilant Ingrevia, and Shalby witnessed large transactions during the block deal window before the opening bell.

Jubilant FoodWorks

Data showed that as many as 1,06,00,000 shares changed hands in the block deal window worth ₹701.72 crore. Shares gained 1.44% to ₹677.50 apiece on the NSE.

Jubilant Ingrevia

As many as 98,65,071 shares changed hands. The deal size is ₹666.88, per NSE data. The stock jumped as much as 8.47% to ₹739.80.

Shalby

Shalby shares were trading at ₹178.92, down 1.57% after 7,00,000 shares changed hands in the block deal window. The deal size stands at ₹12.60 crore.

On Thursday, Asian Paints witnessed a large block deal as Reliance Industries (RIL) divested a 3.64% stake in Asian Paints, while SBI Mutual Fund picked up the shares for ₹7,703 crore through an open market transaction.

Reliance Industries, through its affiliate Siddhant Commercials Pvt Ltd, sold 3.50 crore equity shares or 3.64% stake in Asian Paints, as per the block deal data available with the National Stock Exchange (NSE).

The shares were disposed of at an average price of ₹2,201 apiece, taking the transaction value to ₹7,703.50 crore.

After the stake sale, RIL arm Siddhant Commercials' shareholding in Asian Paints dipped to 1.26% from 4.90%.

With the acquisition of shares, SBI Mutual Fund's shareholding in Asian Paints rose to 5.15% from 1.51%.

In another block deal on Thursday, digital payments major PhonePe trimmed its holding by selling a 5% stake in CE Info Systems, the parent company of MapmyIndia, for ₹486 crore through an open market transaction.

PhonePe is an arm of Walmart-controlled online retailer Flipkart.

Following the stake sale, shares of CE Info Systems plunged 9.39% to settle at ₹1,768.75 apiece on the BSE.

According to the bulk deal data available on the BSE, PhonePe Ltd offloaded 27.21 lakh shares, amounting to a 5% stake in CE Info Systems.