Block Deals Today - Three stocks that have dominated headlines on Friday

Pharmaceutical company Granules India Ltd., auto components manufacturer Jamna Auto Ltd., and real estate player Sri Lotus Developers have seen large trades take place in the pre-market block window on Friday, September 11.

Cumulatively, these three stocks witnessed block deals are worth nearly ₹1,400 crore in size.

Granules India

Granules India saw four large trades on Friday, where 1.33 crore shares or 5.36% of the overall equity changed hands.

Shares were transacted at a price of ₹872.5 apiece, taking the total transaction value to ₹1,160 crore.

CNBC-TV18 reported that the promoter is likely to be the seller in this transaction. Buyer is not officially known yet.

At the end of the June quarter, promoters of Granules India held a 38.02% stake in the company, of which, Krishna Prasad Chigurupati had a 31% stake. Uma Devi Chigurupati had a 3.73% stake, while Privanka and Pragnya Chigurupati have a 0.73% and 0.74% each.

Shares of Granules India are down 0.8% in today's session at ₹890.9 after the block deal.

Jamna Auto

Jamna Auto also witnessed three block deals take place in the pre-open block window, where 3.8% of the total equity changed hands.

The 1.52 crore shares changed hands in the transaction at a price of ₹128 apiece, which takes the total transaction value to ₹195 crore.

At the end of the June quarter, promoters of Jamna Auto had a 49.84% stake, while public shareholders had a 50.16% stake.

Among public shareholders, Mutual Funds had a 3.07% stake, FPIs had a 9.01% stake, while over 2 lakh small retail shareholders, or those with authorized share capital of up to ₹2 lakh, had a 20.1% stake in the company.

Shares of Jamna Auto are trading 0.7% higher on Friday after the block deals at ₹132.7. The stock has risen 6% in the last one month.

Sri Lotus Developers

As many as 15 lakh shares of Sri Lotus Developers also changed hands in the pre-open block deal earlier this morning.

This is part of the company's earlier announcement, when it said that one of the promoters plan on selling up to 2% equity in the open market over the next seven days to be compliant with the minimum public shareholding norms.

Shares of Sri Lotus Developers are trading 0.3% higher on Friday at ₹208.5. The stock has risen 25% in the last one month, taking the year-to-date advance to 31%.