Amara Raja Batteries tumbles 6% after almost 18% equity change hands

Shares of Amara Raja Batteries slipped 6 per cent to Rs 643.40 on the National Stock Exchange (NSE) in Tuesday’s intra-day trade after nearly 18 per cent of the total equity of India’s leading industrial and automotive battery major changed hands.

Till 09:47 AM; around 30.46 million equity shares representing 17.83 per cent of total equity of Amara Raja Batteries changed hands on the NSE, the exchange data shows. On the BSE, around 2.4 million shares or 1.2 per cent of total equity of the company changed hands, data shows. The names of the buyers and sellers were not ascertained immediately.