Block deal: Polycab India promoters likely to sell 0.8% stake worth ₹887 crore on Thursday, says report
Promoters of wires and cable company Polycab India will likely offload up to 0.81% stake in the company via block deals on Thursday. The floor price has likely been set at ₹7,300 per share taking the deal size to ₹887.6 crore. The floor price is likely set at a discount of 3.1%, a CNBC-TV18 report said.
Meanwhile, NDTV Profit reported that Inder T. Jaisinghani, Ajay T. Jaisinghani, Ramesh T. Jaisinghani, Girdhari Thakurdas Jaisinghani, Bharat Jaisinghani, Nikhil Ramesh Jaisinghani, and Anil Hariram Hariani will sell shares.
