Block Deals Worth Over ₹9,000 Crore on November 18: ITC, Paytm, Emcure, Mphasis See Major Transactions

Dalal Street witnessed a major wave of block deals at the end of the quarterly results season, with transactions worth more than ₹9,000 crore across stocks like Mphasis, Paytm, ITC, Emcure Pharma and BlackBuck. These trades were primarily led by private equity firms and promoters offloading stakes. 

₹4,626 Crore Mphasis Block Deal Leads the Chart 

Shares of Mphasis saw the largest one-day block deal on November 18,2025. Blackstone offloaded up to 9.5% stake or 1.8 crore shares at a floor price of ₹2,570 per share, as per CNBC-TV 18. This marked a 4.4% discount to the previous close and totalled ₹4,626 crore. A 180-day lock-in period is now applicable for Blackstone’s remaining stake. At the end of the September quarter, BCP Topco IX Pte held 40.1% in Mphasis. 

Paytm Sees ₹1,722 Crore Equity Change 

Paytm’s rebound from its 2024 lows encouraged investors to sell. About 1.32 crore shares, or 2.07% of equity, were transferred at an average price of ₹1,307 per share on November 18,2025, totalling ₹1,722 crore. While buyers and sellers remain undisclosed, SAIF III Mauritius and Elevation Capital were reported to plan a stake sale. A 60-day lock-in now applies. 

ITC, Emcure Pharma and BlackBuck Join the Activity 

ITC recorded a ₹1,936 crore deal during the pre-open window, where 4.75 crore shares or 0.4% equity exchanged hands at ₹407 per share. Emcure Pharma saw 40.6 lakh shares, equal to 2.4% stake, traded at a floor price of ₹1,296.5, valued around ₹526 crore. Bain Capital was among the expected sellers, with a mandated 90-day lock-in on further sales. 

Read More: Sagility Share Price Gains Nearly 6% as 2.2 Crore Equity Changes Hands in a Block Deal! 

BlackBuck Transaction Sees Promoter Exits Worth ₹243 Crore 

BlackBuck, formerly Zinka Logistics, experienced a block deal involving 43 lakh shares or 2% stake traded at ₹676 per share. The transaction was valued at ₹243 crore, with sellers including Rajesh Kumar Naidu Yabaji and associates. Future sale of these shares is locked in for 12 months. 

Conclusion 

With the earnings season concluded, Dalal Street witnessed a surge in block trades worth over ₹9,000 crore across various sectors. These high-volume transactions highlight portfolio adjustments by promoters and private equity investors during post-results window. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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