ABFRL Slides 8.5% as Market Reacts to Likely 3% Stake Sale
Aditya Birla Fashion and Retail (
ABFRL
) witnessed sharp selling pressure on Tuesday, 20 January 2026, with the stock declining as much as 8.5% intraday. The fall came ahead of reports related to a potential stake sale in the company. According to CNBC-TV18, citing sources, an investor is likely to offload up to a 3% stake in ABFRL through a block deal. The proposed transaction is estimated at around $32 million, with a floor price set at ₹65.78 per share. Such developments often lead to short-term volatility as markets adjust to the potential increase in supply. Investors remain cautious, closely tracking further updates on the deal and its impact on stock performance.
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I, Akhilesh Jat (SEBI Registered Research Analyst – INH000016649), do not have any position in the mentioned scrip.