Aditya Birla Fashion Shares Crash 8% After ₹289 Crore Block Deal

• Aditya Birla Fashion and Retail Ltd. (ABFRL) shares plunged up to 8% on Tuesday, January 20, following a significant block deal.
• A transaction involving 4.35 crore shares (3.57% equity) worth ₹289 crore occurred at an average price of ₹66.4 per share.
• A similar block deal was observed in Aditya Birla Lifestyle Brands Ltd., where 2.8% of its equity changed hands.
• Identities of buyers and sellers in both deals remain undisclosed, though CNBC-TV18 had reported potential block deals in two Aditya Birla Group companies.
• An institutional investor was reportedly selling up to 3% equity in ABFRL, valued at $32 million, at a floor price of ₹65.78 per share.

Why It Matters: ABFRL shares dropped sharply after a major block deal, with institutional investors selling stakes.