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Amara Raja Batteries share price: Amara Raja Batteries tanks 6% as Clarios offloads stake

New Delhi: Shares of Amara Raja Batteries tanked as much as 6 per cent on Tuesday after the car battery maker Clarios announced that it would offload 1.71 crore shares of the company via block deal. The floor price for the deal was set at 746 a piece, 4.8 per cent discount to the Monday s close. The counter plunged 6 per cent to Rs 736.65 on Tuesday. However, it recovered to Rs 744.50 at 11.55 am. As of March 31, 2021, Clarios ARBL Holding LP held a 40,995,000 shares or 24% stake in Amara Raja Batteries, the shareholding pattern data from BSE shows. It is selling 10% stake in the company via block deals.

Shibulal buys 7,58,755 shares of Infosys amounting to ₹100 crore

Shibulal buys 7,58,755 shares of Infosys amounting to ₹100 crore May 13, 2021 With this deal, Shibulal’s shareholding in the company has increased to 0.07% The co-founder of Infosys, SD Shibulal, has increased his stake in the company to 0.07 per cent as per the notification to the BSE. Shibulal purchased 7,58,755 shares of the company amounting to ₹100 crore in a block deal transaction at an average price of ₹ 1,317.95 per share, according to the BSE data. The former CEO’s stake before the transaction was 0.05 per cent. The sale was executed by ICICI Securities Private Limited as the sole broker. With this deal, Shibulal s shareholding in the company has increased to 0.07 per cent. In a separate transaction, Kumari Shibulal sold over 7.58 lakh shares at the same price of ₹1,317.95 per share. Her shareholding post transaction, has come down to 0.19 per cent from 0.21 per cent.

Stocks in Focus on March 17: Laxmi Organic Industries IPO, Craftsman Automation IPO, Nazara Technologies IPO, ITC to Tata Communication; here are the 5 Newsmakers of the Day

Stocks in Focus on March 17: Equity Benchmarks on Tuesday, March 16, 2021, ended almost flat even as the cues from other Asian stocks was positive. The BSE Sensex at Bombay Stock Exchange slipped marginally by 31 points, or 0.06 per cent, to close at 50,364 while the NSE Nifty at National Stock Exchange fell marginally by 19 points, or 0.13 per cent, to settle at 14,910. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, March 17, 2021. List of such five stocks: Anupam Rasayan IPO + Laxmi Organic Industries IPO + Craftsman Automation IPO + Kalyan Jewellers IPO + Nazara Technologies + Suryoday Small Finance Bank:

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