​Exit Mode! 6 companies where promoters sold stakes in last 1 month

​Exit Mode!

Here’s a list of companies where promoters have offloaded stakes in the past month. (Source: ET NOW)

ETMarkets.com

​Whirlpool

Seller: Foreign Promoter

Amount: Rs 4,039 crore

Reason for stake sale: Reduce promoter’s debt

Reuters

​InterGlobe Aviation

Seller: Gangwal Group

Amount: Rs 6,786 crore

Reason for stake sale: Intent to completely exit

ETMarkets.com

ITC

Seller: British American Tobacco

Amount: Rs 17,485 crore

Reason for stake sale: To initiate share buyback in promoter company

ETMarkets.com

​Samvardhana Motherson

5/7

​Samvardhana Motherson

Seller: Sumitomo Corporation

Amount: Rs 3,633 crore

Reason for stake sale: Investment management

ETMarkets.com

Tata Consultancy Services

6/7

Tata Consultancy Services

Seller: Tata Sons

Amount: Rs 9,362 crore

Reason for stake sale: Reduce debt levels and fund capex of semiconductors

ETMarkets.com

Aditya Birla Sun Life AMC

7/7

Aditya Birla Sun Life AMC

Seller: AB Capital & Sun Life

Amount: Rs 1,481 crore

Reason for stake sale: To meet Sebi’s promoter holding criteria

ETMarkets.com

Related post