Overview
- A block deal of 5,83,43,040 shares changed hands at Rs 153.70 each on Dec. 23 for about Rs 896.7–897 crore.
- SBI Mutual Fund bought about 5.13 crore shares (5.76%), while BlackRock acquired roughly 70.5 lakh shares (0.79%), lifting BlackRock’s holding to 1.85%.
- Promoter-group entity Sumedh Tools sold its entire stake and exited the company.
- Belrise shares jumped 11–13% intraday to a life high near Rs 179.9 and later closed about 6% higher around Rs 168.
- Separately, Belrise announced a partnership with Israel’s Plasan Sasa to pursue the ATEMM electric mission platform in India with localisation, technology transfer and integration into Plasan’s global supply chain.