Post promoters' stake sale, their holding in the company stands at 74.99 percent, while public holding is 25.01 percent.
Avenue Supermarts share price gained 1 percent intraday on February 19 after the company's promoters offloaded their stake in the company.
Radhakishan S. Damani, Gopikishan S. Damani, Shrikantadevi R. Damani and Kirandevi G Damani, have sold 1,48,00,000 equity shares of the company constituting 2.28 percent of the paid-up capital of the company.
Post promoters' stake sale, their holding in the company stands at 74.99 percent (48,57,47,156 equity shares), while public holding is 25.01 percent.
Also Read - Radhakishan Damani now India’s second richest, as per Forbes’ Billionaire Index
The share price rose 81.30 percent in the last 9 months.
At 10:48 hrs, Avenue Supermarts was quoting at Rs 2,387.35, up Rs 22.05, or 0.93 percent on the BSE.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year.
First Published on Feb 19, 2020 11:35 am
