Clarios ARBL Holding LP likely to exit Amara Raja Batteries, may sell 14% stake through block deal

Clarios ARBL Holding LP is likely to divest is likely to sell its entire 14 percent stake in Amara Raja Batteries, the country's second-largest automotive battery maker, on Tuesday (July 18), sources in the know told CNBC-TV18

The shares are likely to be offloaded at a floor price of Rs 651 per share, sources privy to the developments told CNBC-TV18.

Amara Raja Batteries posted a 41 percent rise in net profit during the fourth quarter of 2022-23 to Rs 139 crore as compared to Rs 99 crore during the same period of the previous financial year.