New Delhi, Aug. 17 -- Baazar Style Retail share price hit 5% upper circuit at Rs.383.50 apiece in Monday's trading session after reports revealed that Aditya Halwasiya has emerged as a major shareholder following a large block deal.

Bazaar Style Retail shares opened at Rs.384.45 apiece today, as compared to previous close of Rs.366.15 on Friday last week.

According to CNBC TV18, around 45 lakh shares of Baazar Style Retail, valued at Rs.163 crore, were traded at Rs.362 apiece in the block deal window. Investor Aditya Halwasiya was the buyer in the transaction, while details regarding the seller were not immediately available.

The investment marks a significant turning point for Style Baazar, which has established a strong foothold in e...