Shareholding12 Sept 2026, 08:40 pm
Krishna Prasad Chigurupati Sells 1.72 Cr Granules India Shares
AI Summary
Krishna Prasad Chigurupati has disclosed the sale of 1,72,00,000 equity shares of Granules India Limited on September 11, 2026. The transaction, executed through a block deal and open market, resulted in a reduction of his stake from 31.00% to 24.06% of the total share capital. The sale involved approximately 6.94% of the company's total share capital. The transaction saw participation from significant institutional investors, including Capital Group, Kotak Mahindra Life Insurance Company, ChrysCapital, and Allspring, alongside other domestic and global investors. The total diluted share capital of the company after the sale stands at Rs. 27,27,96,921/-.
Key Highlights
- Krishna Prasad Chigurupati sold 1.72 crore shares of Granules India.
- His stake reduced from 31.00% to 24.06% post-transaction.
- The sale was conducted via block deal and open market.
- Marquee institutional investors participated in the transaction.
- The transaction impacts promoter shareholding significantly.
Price Impact
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