Piramal Enterprises Stake Worth Rs 976 Crore Changes Hand Between Promoters
This comes a day after the promoter, Srikrishna Trust, sold 4.54% stake in the non-bank lender.
![<div class="paragraphs"><p>Piramal building in Lower Parel. (Photo: Vijay Sartape/ NDTV Profit)</p></div>](https://media.assettype.com/bloombergquint%2F2024-05%2Fa807736a-251e-4515-8ba3-a6f43fe76d94%2FPiramal_Head_Office_building_Lower_Parel_Vijay_S_050419__3__jpeg.jpg?rect=0%2C0%2C1280%2C720&auto=format%2Ccompress&w=200)
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.