Several Indian companies witnessed notable block and open market transactions on September 29, with institutional investors, private equity firms and promoters either reducing their holdings or increasing exposure. The transactions triggered varied market reactions, with Honasa Consumer and 360 ONE WAM declining, while BSE and Centum Electronics gained sharply amid high trading volumes.

In Honasa Consumer, the parent company of Mamaearth, Sequoia Capital Global Growth Fund III US India Annex Fund LP sold 25.02 lakh shares, representing a 0.76 percent stake, for Rs 112.6 crore at Rs 450 per share. Peak XV Partners Investments VI also sold 1.07 crore shares, equivalent to a 3.3 percent stake, for Rs 484.23 crore at Rs 450.22 per share. The combined sale represented more than 4 percent of the company’s paid up equity.

Following the transactions, Honasa Consumer shares declined 5.24 percent to close at Rs 441.65 on the National Stock Exchange, with the stock witnessing heavy volumes. As of June 2026, Sequoia Capital Global Growth Fund III held a 3.44 percent stake, while Peak XV Partners held a 14.8 percent stake in the company.

The selling was partly absorbed by institutional buyers. ICICI Prudential Life Insurance Company purchased an additional 17.77 lakh shares for Rs 80 crore, while Franklin Templeton Mutual Fund acquired 33.33 lakh shares for Rs 150 crore. Both transactions were executed at Rs 450 per share. Their respective holdings stood at 6.26 percent and 1.22 percent as of June 2026.

BSE also witnessed significant institutional activity. Goldman Sachs Investments Mauritius I sold 23.81 lakh shares for Rs 762.1 crore at Rs 3,200 per share, while BNP Paribas Financial Markets sold 44.51 lakh shares for Rs 1,424.33 crore at Rs 3,199.54 per share. The combined transactions represented a 1.67 percent stake valued at Rs 2,186.4 crore.

On the buying side, UTI Mutual Fund acquired 27.12 lakh BSE shares for Rs 868.14 crore, while Nippon India Mutual Fund purchased an additional 25.29 lakh shares for Rs 809.45 crore. Their combined purchases represented a 1.28 percent stake worth Rs 1,677.6 crore, with both transactions executed at Rs 3,200 per share. Despite the institutional selling, BSE shares gained 3.31 percent to close at Rs 3,200 amid heavy volumes.

In 360 ONE WAM, the Regents of the University of California through State Street Global Advisors sold 36.33 lakh shares, equivalent to a 0.89 percent stake, for Rs 374.3 crore at Rs 1,030.08 per share. The investor held a 1.87 percent stake in the company as of June 2026. 360 ONE WAM shares declined 1.51 percent to Rs 1,029.20 and extended their fall for a fourth consecutive session amid high volumes.

Capital Small Finance Bank also saw a stake transfer between institutional investors. Oman India Joint Investment Fund II sold 11.02 lakh shares, representing a 2.42 percent stake, for Rs 30.86 crore at Rs 280 per share. Fidelity Institutional Funds ICVC Emerging Markets Fund acquired nearly the same number of shares at the same price. Oman India Joint Investment Fund held a 2.52 percent stake in the bank as of June 2026.

In Kajaria Ceramics, promoter entity Chetan Kajaria Family Private Trust sold 18 lakh shares, representing a 1.13 percent stake, for Rs 214.2 crore at Rs 1,190.01 per share. SageOne Investment Managers LLP acquired 10.5 lakh shares, equivalent to a 0.65 percent stake, for Rs 124.95 crore at Rs 1,190 per share.

Centum Electronics saw institutional buying from Motilal Oswal Mutual Fund, which acquired 1.04 lakh shares representing a 0.7 percent stake for Rs 51.52 crore at Rs 4,928.89 per share. The stock gained 7.65 percent to close at Rs 4,920.70 amid high volumes and traded close to its record high.

The transactions highlight significant changes in institutional and promoter ownership across multiple companies. While stake sales by large investors can increase near term supply of shares, corresponding institutional purchases can absorb part of that supply. The market reaction differed across companies, reflecting the transaction size, investor composition and prevailing trading conditions.