Shriram Finance, Piramal Enterprises' shares rise after block deal

After Piramal Enterprises sold its entire 8.3% stake in Shriram Finance, the latter's shares hit a lifetime high of ₹1,764.45 apiece on the BSE in the early morning trade on Wednesday. Meanwhile, shares of Piramal Enterprises also surged. At 3 pm, Piramal Enterprises' shares were trading 13.66% higher, while Shriram Finance's shares were soaring 11% higher.