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Dalmia Bharat Promoter Trims Stake For Rs 300.16 Crore

Keshav Power Pvt. offloaded 16 lakh shares, which Dalmia Bharat Refractories Ltd.—another promoter of the company—bought for Rs 1,876 apiece.

Sreshti Srinivasan, Vrathik Jain

Dalmia Bharat (Source: Company website)

The promoter of Dalmia Bharat Ltd. sold 0.85% stake for Rs 300.16 crore through an open market transaction on Friday.

Keshav Power Pvt. offloaded 16 lakh shares, which Dalmia Bharat Refractories Ltd.—another promoter of the company—bought for Rs 1,876 apiece, according to the bulk deal data on the NSE.

As of March, Keshav Power and Dalmia Bharat Refractories held 1.38% and 0.85% stake, respectively.

Shares of Dalmia Bharat closed 0.91% lower at Rs 1,883.80 apiece on the BSE, as compared with a 0.24% rise in the benchmark Sensex.

Also Read: Indigo Shareholder Pares Stake For Rs 224 Crore

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Sreshti Srinivasan
Sreshti Srinivasan covers markets and business news at NDTV Profit. She hol... more
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Vrathik Jain
Vrathik Jain is a Research Analyst at NDTV Profit, Tracks Insurance, Sugar,... more
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