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Gravita India promoter pares 3.4% stake for Rs 498 crore


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A promoter of Gravita India on Friday divested a 3.4 per cent stake within the firm for Rs 498 crore by means of an open market transaction. In accordance with the bulk deal information obtainable on the NSE, Rajat Agarwal offloaded 25 lakh shares, representing a 3.38 per cent stake in Gravita India.

The shares have been bought at a median value of Rs 1,991.52 apiece, taking the transaction worth to Rs 497.88 crore.

Following the newest transaction, Rajat Agarwal’s holding in Gravita India slipped to 32.39 per cent from 35.77 per cent.

In the meantime, Motilal Oswal Asset Administration Co picked up 7.33 lakh shares at a median value of Rs 1,991 per piece. This took the deal worth to Rs 145.98 crore.

Particulars of the opposite consumers of Gravita India’s shares couldn’t be recognized on the Nationwide Inventory Trade (NSE).


On Friday, shares of Gravita India depreciated 4.55 per cent to shut at Rs 1,954 apiece on the NSE. In Might 2023, Gravita India promoter Rajat Agarwal bought a 4.6 per cent stake within the firm for Rs 181 crore. In a separate bulk deal on the NSE, Nippon India Mutual Fund bought 19.5 lakh shares or 0.82 per cent stake within the Ramco Cements for Rs 195.98 crore.

The shares have been picked up at a median value of Rs 1,005.03 apiece on the NSE.

Particulars of the sellers of the Ramco Cement’s shares couldn’t be ascertained on the trade.

The scrip of the Ramco Cements rose 1.50 per cent to shut at Rs 1,002.65 apiece on the NSE.