Piramal Enterprises Stake Worth Rs 976 Crore Changes Hand Between Promoters

Srikrishna Trust, a promoter of Piramal Enterprises Ltd., offloaded a stake worth Rs 976.5 crore in the non-bank lender through open market transactions on Thursday, a day after it sold its stake in the company.

Srikrishna Trust divested 1.07 crore shares, representing a 4.51% stake in the company at Rs 906 per share, according to NSE block deal data. The trust held a 35.11% stake as of March. The trustees, Ajay G. Piramal and Swati A. Piramal, are also part of the promoter group.

On the other hand, Anutham Realty Pvt. bought a 1.07% stake at Rs 906 apiece. Anutham Realty is also part of the promoter group.

Srikrishna Trust on Wednesday sold a 4.54% stake in the NBFC.

Shares of Piramal Enterprises closed 0.81% higher at Rs 906 apiece, as compared with a 0.22% advance in the NSE Nifty 50.