The shares of the company hit an intraday high of Rs 150.79 apiece, extending gains for the third consecutive session. The shares later pared some gains to trade at 147.19 apiece, as seen at 10.25 am.

Flipkart likely sold 6% stake for Rs 950 crore:

Ecommerce giant Flipkart was selling its entire 6 percent stake in Aditya Birla Lifestyle via block deals at a base price of Rs 130 per share, CNBC-TV18 reported citing people familiar with the matter. This marks a discount of nearly 5 percent from the stock’s previous closing price of Rs 136.45 apiece.