Seven major block deals worth over ₹8,500 crore changed hands on Thursday, August 27, with stocks including Apollo Tyres, Foseco India, Welspun Corp, Physicswallah, Groww, Viyash Scientific, and Rubicon Research witnessing significant trading activity. Apollo Tyres saw 2.14 crore shares worth ₹929.94 crore change hands at ₹435 per share, representing 3.37% of the company's equity. Foseco India recorded 11.51 lakh shares worth ₹678.63 crore traded at ₹5,897 per share, while Welspun Corp saw 60 lakh shares worth ₹1,433 crore change hands for ₹2,275.3 per share, representing 2.4% of the company's equity. Indus Towers witnessed 14.3 lakh shares change hands, SBI Cards saw ICICI Pru AMC increase its stake from 5.18% to 7.30% through multiple transactions, and ICICI Pru AMC itself acquired 99.2 lakh shares representing 2% equity in the company. Groww's parent company Billionbrains Garage Ventures saw 12.74 crore shares worth ₹2,500 crore change hands, Viyash Scientific witnessed 55.56 lakh shares worth ₹150 crore traded, and Rubicon Research saw 1.3 crore shares worth ₹2,150 crore change hands during the trading session.
Apollo Tyres shares were trading ₹445.7 in morning deals, up 0.6% after the block deal execution, with the stock having declined 9.9% so far in 2026 compared to a 7.4% fall in the Nifty 50 over the same period. The tyre maker commands a market capitalisation of around ₹28,300 crore at current levels. Foseco India shares were trading ₹6,168 in morning trade, up 1.5% after the block transaction, with the stock having gained 23.5% so far in 2026, outperforming the Nifty 50's 7.4% decline. The company has a market capitalisation of around ₹4,646 crore at the current price level.
Ribbit Capital is likely to sell a 1.6% stake in Billionbrains Garage Ventures, the parent company of Groww, via a block deal with a block size of ₹1,914 crore and floor price of ₹195 per share, as reported by CNBC-TV18. The transaction was executed at an estimated ₹196.2 per share, with 12.74 crore shares representing 2.1% of the company's equity changing hands. Groww shares were trading 3.1% lower at ₹196.7 in early afternoon deals, having declined 1.7% in the past month but gained 26.1% this year. The transaction came after a report on August 25 that existing investor Ribbit Capital had launched a block deal to sell a 1.6% stake in the Groww parent for about ₹1,914 crore.
The ₹678.63 crore block deal in Foseco India involved 11.51 lakh shares changing hands at ₹5,897 per share, with the transaction price at a discount of nearly 3% to the stock's previous close. The deal follows a report on August 26 that Morganite Crucible and Morgan Terrassen BV were likely to sell a combined 15.27% stake in Foseco India for up to ₹664.4 crore, with the floor price set at ₹5,773.63 per share, representing a discount of up to 5% to the prevailing market price. The proposed transaction was a secondary sale involving shares held by Morganite Crucible and Morgan Terrassen BV, meaning the proceeds would go to the selling shareholders rather than Foseco India. The identities of the buyers and sellers in Thursday's block transaction were not immediately available, though the transaction value of ₹678.63 crore was higher than the maximum offer size of ₹664.4 crore indicated in the earlier report.
The seven large trades were worth more than ₹8,500 crore when including the reported transactions in Apollo Tyres, Foseco India, and the earlier reported Rubicon Research block deal. The broader market showed mixed performance with Sensex up 21.59 points at 77,494.53 and Nifty up 37.25 points at 24,245 at 9:20 am on August 27. Groww emerged as one of the most actively traded stocks, with 5.32 crore shares changing hands on NSE, while Vodafone Idea led with 153.45 crore shares traded. The broader market showed mixed performance with 1,672 stocks advancing, 1,842 declining, and 123 remaining unchanged out of 3,637 stocks traded on NSE. Market participants are now awaiting upcoming inflation data and comments from the Fed Chair later this week for better clarity on the inflation and interest rate outlook.
