Singapore-headquartered Amansa Capital, Nippon India Mutual Fund (MF), ICICI Prudential MF, UTI MF, ICICI Prudential Life Insurance coverage, Ghisallo Capital Administration, Societe Generale, and US-based Pathstone are among the many entities which have purchased stakes in Aditya Birla Way of life Manufacturers Ltd (ABLBL), as per block deal knowledge on the NSE.
These entities have collectively bought over 7.31 crore fairness shares or 6 per cent stake in separate offers.
In the meantime, Aditya Birla Solar Life MF acquired 36.62 lakh shares or 0.3 per cent holding in ABLBL whereas SBI Life Insurance coverage hiked its stake by selecting up 1.73 crore shares representing almost 1.42 per cent stake, as per the information.
After the stake purchase, SBI Life’s holding in Aditya Birla Way of life Manufacturers has elevated to three.65 per cent from 2.23 per cent.
The shares had been purchased at a median worth of Rs 136.45 apiece, taking the mixed deal worth to Rs 998.41 crore. In the meantime, Bengaluru-based Flipkart by means of its arm Flipkart Investments Pvt Ltd exited Aditya Birla Way of life Manufacturers after promoting these shares to those entities on the identical worth. Flipkart’s exit marks a whole divestment of its holdings in ABLBL, which homes manufacturers reminiscent of Van Heusen, Louis Philippe, Peter England and Allen Solly.
Shares of Aditya Birla Way of life Manufacturers jumped 7.01 per cent to shut at Rs 146.01 apiece on the NSE.
In August, Aditya Birla Way of life Manufacturers reported a 4.92 per cent rise in its consolidated internet revenue to Rs 24.06 crore for the June quarter of FY26.
as a Dependable and Trusted Information SupplyIn June this yr, Flipkart exited Aditya Birla Trend and Retail (ABFRL) by promoting its whole 6 per cent stake within the style retailer for Rs 588 crore.
