Belrise Industries shares rise up to 13% as promoter Sumedh Tools sells 6.56% stake via block deal

Belrise Industries shares rise up to 13% as promoter Sumedh Tools sells 6.56% stake via block deal

Shares of Belrise Industries rose up to 13% to hit record high of Rs 179 apiece on December 23 after promoter Sumedh Tools sold 6.56% stake through block deal.

"Sumedh Tools PrivateLimited, belonging to the promoter group of the Company, has sold 5,83,43,040 equity shares (58.3 million), representing 6.56% of the paid-up equity share capital of the Company, through a block deal on December 23, 2025," said the company in a stock exchange filing. Sumedh Tools has no more stake left in the company.

"The sale is part of promoter group stake rationalisation and does not result in any change in control or management of the Company," said Belrise.

The block deal is worth approximately Rs 900 crore.

At 1:50 pm on December 23, nearly 87 million shares changed hands on December 23, representing nearly 29x of 30-day average volume.

The stock saw partial profit booking in latter half of the day and was trading 5.7% higher at Rs 167.3 apiece.

So far in 2025, the stock rose 82%.

Belrise Industries is an automotive component manufacturing company based in India, offering a diverse range of safety-critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles.

It marketed its products both domestically and internationally, with operations extending to several markets including Austria, Slovakia, the UK, Japan and Thailand.

The company has a long-standing relationship with customers, including prominent multinational OEMs such as Bajaj Auto, Honda Motorcycle & Scooter India, Hero MotoCorp, Jaguar Land Rover and Royal Enfield Motors.

It has 17 manufacturing facilities across 10 states as of December 2024.