The shares of Aditya Birla Lifestyle Brands jumped more than 10 percent on October 6 after a large block deal took place. Flipkart has likely sold its entire 6 percent stake in the company.

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.

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. This marks a discount of nearly 5 percent from the stock's previous closing price of Rs 136.45 apiece.

Flipkart was selling 7.3 crore shares of the company worth Rs 950 crore, the report added.

While the seller is not known yet, 7.24 crore shares, representing 5.93 percent equity stake of the company, changed hands in a block deal window, spurring huge trading volumes.

More than 1 crore shares have been involved in active trade today so far. This is more than 7 times that of the stock's 10-day average volume.