Market Movers: Stake Sales and Strategic Deals Dominate Equity Focus

Clean Science and Technology faces a pivotal moment as promoters Ashok Boob and Krishna Boob prepare to offload up to 24% of their stake via block deals. The Rs 2,626 crore transaction, priced at a 13% discount to market levels, signals strategic repositioning in the specialty chemicals sector.

Bharti Hexacom's Rs 1,134 crore tower divestiture to sister concern Indus Towers received overwhelming shareholder approval, with 88.28% voting in favor. The deal reinforces Airtel Group's infrastructure optimization strategy amid India's 5G rollout.

UltraTech Cement's Rs 740 crore offer-for-sale of India Cements shares aims to achieve regulatory compliance on public float requirements. The Aditya Birla Group unit maintains dominant 75% ownership post-transaction, with pricing set just below Wednesday's closing level of Rs 370.