As many as 2.66 crore shares, or 1.02% equity, worth ₹819 crore of Aditya Birla Capital Ltd. changed hands at ₹308 per share in a block deal window on Tuesday, October 28. The stock has gained in early trade after the transaction.

On Monday, CNBC-TV18 reported , citing sources that Jomei Investments was to sell up to 2% stake in the company via block deals. The investor planned to offload around 53.2 million shares at a floor price of 304.55 apiece for over ₹1,600 crore. The was touted to be a cleanout trade.

At the end of the September quarter, Jomei Investments held 2.04% stake in the company.

The company is set to report its second quarter earnings on Thursday, October 30.

In the first quarter, its consolidated net profit increased 10% to 835 crore, while its revenue increased 9.

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