Block Deals Galore: 25 crore shares worth nearly ₹10,000 crore exchange hands

46.8 lakh shares or 1.74% of Astral's outstanding equity exchanged hands in a pre-market block deal, according to data on the exchanges.

The transaction took place at a price of ₹1,889.8 per share, which amounts to a total transaction value of ₹885 crore.

CNBC-TV18 had reported on Tuesday citing sources that promoters of Astral are looking to sell between 2% and 3% stake in the company via block deals. The promoter entities likely to sell stake were Saumya Polymers and Kairav Chemicals.

Shares of Astral are trading 1.2% higher at ₹1,931.

39 lakh shares or 8.9% of the total equity of Shriram Pistons exchanged hands in a pre-market block window, according to available data.

Shares of the industrial machinery parts manufacturer exchanged hands at a price of ₹1,103.6 per share.

The stock of Shriram Pistons & Rings are locked in an upper circuit of 5% at ₹1,158.75. 

Embassy REIT saw 22.3 crore shares or 23.6% of the total equity worth ₹7,148 crore change hands in a large trade.

CNBC-TV18 had reported that the global private equity giant Blackstone Group is likely to sell the remaining 23.5% stake in Embassy Office Parks REIT (real estate investment trust) through a block deal.

Shares of Embassy REIT are off the day's low and are currently trading flat at ₹335.50. The stock is also flat so far in 2023.

As many as 1.78 crore shares or 2.86% equity of the company worth ₹762 crore had exchanged hands in a block deal Window. The transaction took place at ₹427 per share.

CNBC-TV18 had reported on Tuesday that IndusInd Bank, the Mumbai-based private lender is likely to execute a clean out trade by selling its remaining 2.8% stake via block deal.

Nippon AMC was also part of CNBC-TV18's dealing room chatter on December 14, where it was reported that a large block deal may take place in the stock, in which a strategic investor can be a seller.

Shares of Nippon Life AMC are trading 6.3% higher at a record high of ₹477.05. The stock is up 90% so far in 2023.

Lastly, Tips Industries saw 6.7% equity or 85.82 lakh shares worth ₹299 crore change hands in a large trade.

The shares exchanged hands at a price of ₹344 per share.

Shares of Tips Industries are off the day's low but are trading 3.2% lower at ₹353.85.