BlackRock Arms Buys ₹359 Crore Worth of Shares in ACC Cement and 2 More Companies

On Monday, November 24, 2025, Global asset management giant BlackRock, through its affiliate iShares Core MSCI Emerging Markets ETF acquired equity stakes in ACC, Acutaas Chemicals, and TD Power Systems for a combined value of ₹359 crore via open market transactions.

Details of the Acquisitions

According to NSE bulk deal data, iShares purchased:

• ACC: 9.82 lakh shares at an average price of ₹1,911.86 per share
• TD Power Systems:9.68 lakh shares at ₹759.08 per share
• Acutaas Chemicals: 5.3 lakh shares at ₹1,852.12 per share

iShares, a leading global Exchange Traded Funds (ETF) provider with over 1,600 funds, is part of BlackRock’s asset management portfolio.

Market Reaction to Purchases

The stock market responded positively to these purchases on Monday:

• Acutaas Chemicals: Rose 10.18% to close at ₹1,875 per share
• ACC: Advanced 5.46% to ₹1,930 per share
• TD Power Systems: Gained 6.25% to settle at ₹770.10 per share

iShares Sells Shares in Rain Industries and Orient Electric

In separate bulk deals on Monday, iShares also sold:

• Rain Industries: 17.83 lakh shares
• Orient Electric: 12.63 lakh shares

The total value of these transactions was ₹39.7 crore, with shares sold in the range of ₹106.13–₹164.45 per share.

Also Read: Adani Enterprises Rights Issue Opens Today: November 17 Marked as Record Date

Market Impact of the Sale

Following the sales, both companies’ shares faced declines on the NSE:

• Orient Electric: Dropped 12.95% to ₹158.50 per share
• Rain Industries: Fell 3.82% to ₹108 per share

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