Kirloskar Oil Engines Ltd's promoters on Wednesday sold 17.7% stake for ₹8.25 bln, as per the company's exchange filing.
Jyotsna Gautam Kulkarni, Nihal Gautam Kulkarni and Ambar Gautam Kulkarni offloaded over 25.6 mln shares through block deals on the National Stock Exchange at ₹322 per share.
A number of other participants purchased shares of the company on the same day at a price of 322, including important institutional investors including Birla Sunlife Insurance, Aurigin Master Fund, DSP Mutual Fund, and Franklin Templeton Mutual Fund.
The Kulkarni family announced their plans to depart from Kirloskar Group in February.
IND vs USA T20 World Cup 2026: Gautam Gambhir Seeks Blessings At Mumbai’s Siddhivinayak Temple Ahead Of Wankhede Group Stage Clash – Watch
RVNL Q3 Revenue Rises To ₹4,684 Cr From ₹4,567 Cr, EBITDA Falls To ₹221 Cr From ₹239 Cr
Arrest Not The Default For Minor Offences, Says Supreme Court; Notice Must Come First
Hindustan Copper Q3 Profit Jumps To ₹156 Cr From ₹63 Cr, Income Rises To ₹687 Cr From ₹328 Cr
The shares of the company were down 0.23% at ₹389.15 on NSE at 12:42 p.m IST.
