Mon, December 2, 2024
Sun, December 1, 2024
[ Sun, Dec 01st 2024 ] - Thomas Matters
Stocking Up for Christmas?
Sat, November 30, 2024
[ Sat, Nov 30th 2024 ] - Thomas Matters
3 ISA strategies to consider
Fri, November 29, 2024
Thu, November 28, 2024
Wed, November 27, 2024
Tue, November 26, 2024
Mon, November 25, 2024

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


//stocks-investing.news-articles.net/content/202 .. -after-promoters-sell-stake-via-block-deals.html
Published in Stocks and Investing on Wednesday, November 27th 2024 at 23:20 GMT by Thomas Matters   Print publication without navigation

  • 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 ]

Publication Contributing Sources