Granules India promoter sells 6.9% stake for ₹1,509 crore
after close1 source ↓written by the desknot a recommendation
- Krishna Prasad sold
- 1.72 crore shares
- representing
- 6.9% of equity
- through a block
- ₹1,509 crore
Granules India is in focus as promoter Krishna Prasad sold 1.72 crore shares, representing 6.9% of equity, for ₹1,509 crore through a block deal. This sale may signal a shift in the promoter's confidence in the company, as market perception often differs between promoter and institutional selling.
• Shares sold: 1.72 crore
• Stake: 6.9%
• Value: ₹1,509 crore
The implications of this sale could influence investor sentiment and trading activity around the stock.
Not investment advice. For informational purposes only.