Dabur falls after entities of Burman family sell 1% stake in the company
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Dabur India is currently trading at Rs. 576.90, down by 2.95 points or 0.51% from its previous closing of Rs. 579.85 on the BSE.
The scrip opened at Rs. 582.00 and has touched a high and low of Rs. 586.55 and Rs. 574.55 respectively. So far 43768 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 610.40 on 07-Dec-2022 and a 52 week low of Rs. 482.20 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 589.90 and Rs. 569.40 respectively. The current market cap of the company is Rs. 102204.18 crore.
The promoters holding in the company stood at 67.24%, while Institutions and Non-Institutions held 26.87% and 5.90% respectively.
Entities of Burman family -- Gyan Enterprises and Chowdry Associates have sold shares amounting to about 1 per cent stake in Dabur through a block deal which was completed on December 20, 2022. The purpose of doing this transaction is to raise funds for financing some ventures in the private hands of the Burman family.
For the quarter ended September 2022, the promoter and promoter group owned 67.24 per cent stake in Dabur India, while the rest 32.76 per cent was with public investors.
Dabur India is one of the largest FMCG Company in India.
