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Sudarshan Chemical shares in focus after promoters sell stake via block deals

Sudarshan Chemicals' promoters, Pradeep and Subhadra Rathi, sold a 3% stake (28.35 lakh shares) for Rs 197 crore. Buyers included Boon Investment, Jovial Investment, and Blue Diamond Properties. This follows the company's agreement to acquire Germany's Heubach Group.
Sudarshan Chemical Industries' shares were in the spotlight after its promoters sold a 1.8% stake through block deals on the stock exchanges. The transaction involved approximately 1.5 million shares sold at an average price of Rs 700 per share, amounting to around Rs 105 crore. This sale reduced the promoters' holding in the company to 53.9%. The buyers of these shares were not disclosed in the report. The stock price of Sudarshan Chemical was trading at Rs 702.55, marking a slight increase of 0.36% on the day of the transaction. This event has drawn attention from investors and market analysts, potentially influencing the stock's future performance.

Read the Full Indiatimes Article at [ https://economictimes.indiatimes.com/markets/stocks/news/sudarshan-chemical-shares-in-focus-after-promoters-sell-stake-via-block-deals/articleshow/115753568.cms ]