Archive · 25 Sep 2025
Polycab India Promoters Sell Stake in Block Deal
Promoters of Polycab India sold a portion of their shares in a block deal.
The deal was worth ₹1,740 crore, representing a 1.5% stake.
JP Morgan Fund ICVC bought the most shares, spending ₹1,107 crore.
Morgan Stanley Asia also acquired shares.
As a result of the deal, the share price of Polycab India decreased by 1.69% on the BSE.
Polycab India promoters sold a 1.5% stake.
The block deal was worth ₹1,740 crore.
JP Morgan Fund ICVC was the largest buyer.
JP Morgan purchased nearly 1% of the stake.
Polycab India shares closed down by 1.69%.
- Who
- Promoters of Polycab India and institutional investors
- What
- Promoters sold a 1.5% stake in a block deal.
- When
- September 25
- Where
- BSE
- Why
- N/A
- Company
- Polycab India
- Stake Sale
- 1.5%
- Deal Value
- ₹1,740 crore
- Largest Buyer
- JP Morgan Fund ICVC
- JP Morgan Purchase
- Nearly 1% for ₹1,107 crore
- Morgan Stanley Purchase
- 2.9 lakh shares for ₹219 crore
- Closing Price
- ₹7,405.55
- Price Change
- Down ₹127.65 or 1.69%
