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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)
