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Economic Times
5 days ago
- Business
- Economic Times
Market surge leads to Rs 50,000 crore worth stake sales by promoters and shareholders
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: The stock market rebound in the past few months has prompted dominant shareholders and promoters of companies to trim their far this month, they have sold shares worth over ₹50,000 crore through bulk and block deals on the bourses after a lull, continuing from where they left off before October, when the stock market was in the midst of a bull to exchange data, prominent shareholders and promoters divested stakes in ITC InterGlobe Aviation (IndiGo), PNB Housing and One 97 Communications (Paytm) this month, along with Kfin Technologies , KPR Mill and PG Electroplast. The divestments ranged from ₹1,133 crore to ₹12,941 crore since May 1."A significant amount of domestic liquidity had been waiting on the sidelines for market stability," said Ajay Saraf, ED and head of investment banking at ICICI Securities. "With foreign funds turning positive on India's secondary market and key overhangs like geopolitical tensions and tariff concerns easing, the deal market has roared back to life."This momentum is expected to continue as long as the current positive sentiment holds and no major crisis disrupts the environment, said the largest deals, British American Tobacco sold 2.5% of its stake in ITC , worth ₹12,941 crore while Singtel affiliate Pastel Ltd sold Bharti Airtel shares worth ₹12,880 crore. BAT is the largest shareholder in ITC, while Singtel is part of the promoter group of Bharti. InterGlobe Aviation promoter Rakesh Gangwal and his family trust sold a 5.72% stake for about ₹11,564 equity firm Carlyle's subsidiary, Quality Investment Holdings, offloaded its entire stake of 10.4% in PNB Housing Finance worth ₹2,713 crore. Ant Financial, the fintech subsidiary of Alibaba Group, sold shares of One 97 Communications worth ₹2,104 crore through open-market Technologies promoter General Atlantic Singapore Fund Pte sold shares worth ₹1,790 crore."The resurgence in Indian equity capital market deals is being driven by a confluence of positive factors - stabilising geopolitical tensions, easing trade uncertainties, encouraging full-year corporate earnings, improving high-frequency macro indicators, renewed FII interest, and sustained retail inflows into domestic mutual funds," said Ranvir Davda, co-head of investment banking at HSBC India. "We believe that IPOs, blocks, and follow-on activity in the second half of calendar year 2025 will be significantly higher compared to the first half, with multiple companies having already received Sebi approval and several other listed companies having announced plans for fund-raising."The selling in the secondary market was not limited to large caps and extended to small and midcap companies such as PG Electroplast and KPR Mill, in which promoters reduced stakes by selling shares worth ₹1,132 crore and ₹1,232 crore, respectively. So far in May, the Nifty 50 has gained 2.05% while the Nifty Midcap 150 has risen 6.5% and the Smallcap 250 has advanced 9.2%."FY24 saw an all-time high in promoter exits, which was also on the back of a bullish market," said Pranav Haldea, MD, Prime Database Group. "While promoter buying is always a good sign, reasons for exit can vary and range from cashing out due to good valuation, setting up other businesses, debt reduction and personal reasons."While policy announcements from the US remain unpredictable, the momentum in open-market transactions looks likely to continue, he said.
Time of India
22-05-2025
- Business
- Time of India
Promoters sell shares worth Rs 1,231 crore in KPR Mill
Shares of KPR Mill fell 2.8% to close at `1,195 on BSE on Wednesday. ICICI Prudential Life Insurance Company was among the buyers in the deal. As of March 31, KPD Sigamani, K P Ramasamy and P Nataraj held 20.34% stakes each in the company. Shares of KPR Mill fell 2.8% to close at `1,195 on BSE on Wednesday. Tired of too many ads? Remove Ads MUMBAI: Promoters sold shares of KPR Mill worth Rs 1,231 crore through bulk deals on BSE Wednesday. The promoters — KPD Sigamani, K P Ramasamy and P Nataraj—sold a total of 1.08 crore shares at about Rs 1,140 apiece. ICICI Prudential Life Insurance Company was among the buyers in the deal. As of March 31, KPD Sigamani, K P Ramasamy and P Nataraj held 20.34% stakes each in the company . Shares of KPR Mill fell 2.8% to close at `1,195 on BSE on Wednesday.
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Business Standard
21-05-2025
- Business
- Business Standard
KPR Mill share price falls 7% as 11 million shares change hands on BSE
KPR Mill shares slipped 7.3 per cent in trade, logging an intraday low at ₹1,140.1 per share on BSE amid heavy volume. On BSE, over 11 million shares changed hands around 9:15 AM. Around the same time, KPR Mill share price was down 6.44 per cent at ₹1,151 per share on the BSE. In comparison, the BSE Sensex was up 0.16 per cent at 81,316.9. The market capitalisation of the company stood at ₹39,342.79 crore. The 52-week high of the stock was at ₹1,395.4 per share and the 52-week low of the stock was at ₹744.8 per share. KPR Mill block deal reports Promoters KP Ramasamy, KPD Sigamani, and P Nataraj were likely to sell up to 3.2 per cent stake in the company via block deals, according to reports. As of quarter ending March 2025, KP Ramasamy held 20.34 per cent stake in the company. Similarly, KPD Sigamani and P Nataraj also held 20.34 per cent stake each. Other individual promoters include Parvathi K R, Radhamani D, Jayanthi N, Uma Sekar, and Kalpana Anand. Also Read KPR Mill Q4 results 2025 The company announced its fourth quarter (Q4FY25) results on May 9, 2025. The company's consolidated net profit after tax (PAT) stood at ₹204.55 crore as compared to ₹213.61 crore a year ago. Its revenue from operations stood at ₹1768.98 crore for Q4 against ₹1696.72 crore a year ago. Its Earnings before interest, tax, depreciation, and amortisation (Ebitda) stood at ₹343.84 crore as compared to ₹346.96 crore a year ago. The Ebitda margin for the quarter came in at 19.3 per cent against 20.3 per cent year-on-year (Y-o-Y). About KPR Mill KPR Mill has diversified business spanning across Yarn, Fabrics, Garments and White Crystal Sugar. KPR has earned a great deal of experience over the last 40 years to produce an indelible mark in the textile landscape. The company manufactures a product range of textile varieties such as Readymade Knitted Apparel; Fabrics; Compact, Melange, Carded, Polyester, and Combed Yarn.
Time of India
21-05-2025
- Business
- Time of India
KPR Mill shares in focus as promoters plan to sell 3.2% stake via block deals to raise Rs 1,196 crore
KPR Mill shares will be in focus on Wednesday as three promoters plan to sell up to 3.2% stake via block deals , aiming to raise Rs 1,195.6 crore, CNBC-TV18 reported citing sources. The floor price for the transaction is set at Rs 1,107 per share, nearly 10% lower than the stock's closing price of Rs 1,226 on May 20. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Car Lovers Agree: These Are the Most Breathtaking Rides of All Time Watch Now Promoters KP Ramasamy, KPD Sigamani, and P Nataraj will participate in the stake sale . CNBC Awaaz reported that IIFL Finance is brokering the deal, which involves 1.08 crore shares. Also Read: KEC International, PVR INOX among 10 smallcap stocks analysts expect to gain up to 80% As of March 2025, each of the three promoters held a 20.34% stake in the company. Collectively, they own a little over 61%, while total promoter holding stood at 70.68%. Post-sale, their cumulative stake will reduce to 57.82%. Live Events KPR Mill has a market cap of about Rs 42,000 crore. Earlier this month, the company posted a 4% YoY decline in Q4 net profit at Rs 204.55 crore, while revenue slipped 4% to Rs 1,769 crore. The board declared a final dividend of Rs 2.5 per share for FY25. Also Read: Crompton Greaves, Delhivery among 10 mid-cap stocks analysts expect to rally up to 53% KPR Mill share price target According to Trendlyne, the average target price for KPR Mill is Rs 1,049, implying a 15% downside. Among seven analysts tracking the stock, the consensus rating is 'Buy.' KPR Mill shares price performance The stock has gained 48% in the past three months and 115% over the past two years. The company's market capitalisation stands at Rs 42,049 crore. Also Read: Street Favourite! SBI, Tata Motors among 10 large-cap stocks analysts expect to rally up to 32% ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Standard
09-05-2025
- Business
- Business Standard
K P R Mill consolidated net profit declines 4.24% in the March 2025 quarter
Sales rise 4.61% to Rs 1700.95 crore Net profit of K P R Mill declined 4.24% to Rs 204.55 crore in the quarter ended March 2025 as against Rs 213.61 crore during the previous quarter ended March 2024. Sales rose 4.61% to Rs 1700.95 crore in the quarter ended March 2025 as against Rs 1626.06 crore during the previous quarter ended March 2024. For the full year,net profit rose 1.21% to Rs 815.11 crore in the year ended March 2025 as against Rs 805.35 crore during the previous year ended March 2024. Sales rose 5.35% to Rs 6135.73 crore in the year ended March 2025 as against Rs 5823.88 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1700.951626.06 5 6135.735823.88 5 OPM % 19.5620.61 - 20.3121.23 - PBDT 332.81327.27 2 1270.651229.58 3 PBT 280.73277.91 1 1062.781040.39 2 NP 204.55213.61 -4 815.11805.35 1
