Major Block Deals in AWL Agri Business, Karnataka Bank, RIL and More on November 21

Promoter entity Adani Commodities sold a significant 7% equity stake in AWL Agri Business (formerly Adani Wilmar) through open market deals on November 21. The stake sale involved two major transactions: 3.94 crore shares at ₹275.09 per share and 5.15 crore shares at ₹275 per share. Together, the deals were valued at ₹2,502.2 crore.

Shares of AWL Agri Business closed at ₹274.1 on the NSE, slipping nearly 1% amid heavy volumes, reflecting the impact of the large promoter offload.

Karnataka Bank Sees Strong Buying Interest

The session also saw notable action in Karnataka Bank. The stock surged nearly 8% to ₹188.76, breaking above its key moving averages with strong volumes.

Investor Aditya Kumar Halwasiya acquired 38 lakh shares, representing 1% of the bank’s paid-up equity, at ₹185.87 per share. The total deal was valued at ₹70.63 crore, boosting sentiment around the stock.

Max Financial Services Witnesses Promoter Stake Reduction

Max Financial Services also saw sizable block transactions. Promoter entity Max Ventures Investment Holdings pared its stake to 1.16% from 1.62% after selling 0.46% on Friday.

The promoter sold 16 lakh shares at ₹1,681 per share, amounting to ₹268.96 crore. The stake was purchased by seven institutional investors, including Morgan Stanley, Tata Mutual Fund, WhiteOak Capital MF, Alphagrep Investment Management, and Viridian Asia Opportunities Master Fund.

Despite the interest from institutional buyers, Max Financial Services ended the day down 1.84% at ₹1,661.5.

Key Institutional Trades in Reliance and Sagility

In another large trade, BofA Securities Europe SA bought 3.52 lakh shares of Reliance Industries at ₹1,534 per share, valued at ₹54.01 crore, from Goldman Sachs Bank Europe SE – ODI.

Separately, BNP Paribas Financial Markets acquired 35 lakh shares of Sagility at ₹48.23 per share for ₹16.88 crore from Integrated Core Strategies (Asia), marking another notable block deal.

Also Read: NSE, OYO, Flipkart, and Others: India's IPO Market is Set for Landmark Year in 2026!

Conclusion

The markets witnessed heavy block deal activity across major companies, reflecting institutional engagement. From promoter stake sales to strategic institutional buys, these trades indicate shifting investment positions and renewed investor interest in select stocks.

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