Adani Commodities sells 7% stake in AWL Agri for Rs 2,502 crore, promoter offloads 0.46% shares in Max Financial

Bulk Deals on November 21

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26 Aug, 2025 12:21

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Promoter entity Adani Commodities has offloaded a 7 percent equity stake in AWL Agri Business (formerly Adani Wilmar) via open market transactions on November 21.

Shares of AWL Agri Business closed at Rs 274.1 on the NSE, down nearly 1 percent amid significant volumes.

Adani Commodities LLP, which held a 20 percent stake in AWL as of September 2025, sold 3.94 crore shares at Rs 275.09 per share and 5.15 crore shares at Rs 275 per share, together valued at Rs 2,502.2 crore.

Meanwhile, action was also seen in Karnataka Bank, whose shares rallied nearly 8 percent to Rs 188.76, decisively climbing above all key moving averages with robust volumes. Aditya Kumar Halwasiya picked up 38 lakh shares (equivalent to 1 percent of paid-up equity) at Rs 185.87 per share for Rs 70.63 crore.

Further, there was exchange activity in three other scrips — Max Financial Services, Reliance Industries, and Sagility.

Promoter entity Max Ventures Investment Holdings reduced its stake in Max Financial Services to 1.16 percent, from 1.62 percent held at the end of September 2025, after selling 0.46 percent via block deals to multiple investors on Friday.

Max Financial Services shares declined 1.84 percent to end the session at Rs 1,661.5.

Max Ventures Investment Holdings sold 16 lakh shares (equivalent to 0.46 percent of paid-up equity) at Rs 1,681 per share, valued at Rs 268.96 crore, to seven institutional investors, including Morgan Stanley, Viridian Asia Opportunities Master Fund, Tata Mutual Fund, Alphagrep Investment Management, and WhiteOak Capital MF.

Meanwhile, BofA Securities Europe SA bought 3.52 lakh shares of Reliance Industries at Rs 1,534 per share for Rs 54.01 crore from Goldman Sachs Bank Europe SE – ODI.

Separately, BNP Paribas Financial Markets acquired 35 lakh shares of Sagility at Rs 48.23 per share for Rs 16.88 crore from Integrated Core Strategies (Asia).

Reliance Industries shares fell 0.16 percent to Rs 1,546.6, while Sagility declined 2.46 percent to Rs 48.47 on the NSE.

Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.