KPR Mill promoters to sell up to 3.2% stake via block deals to raise Rs 1,196 crore: CNBC-TV18

KPR Mill

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26 Aug, 2025 12:21

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Three promoters of KPR Mill are likely to sell up to 3.2 percent stake in the textile company via block deals to raise up to Rs 1,195.6 crore, CNBC-TV18 reported on May 20 citing sources. The floor price for the transaction has been set at Rs 1,107 per share, the channel reported.

The firm's Chairman KP Ramasamy, and Managing Directors KPD Sigamani and P Nataraj are the promoters who will reportedly take part in the stake sale. The shares of the company gained over 1 percent to close at Rs 1,226 apiece on May 20. The reported floor price represents a discount of nearly 10 percent from the stock’s current market price.

The promoters will sell 1.08 crore shares of the company in a deal brokered by IIFL Finance, CNBC Awaaz additionally reported citing people familiar with the matter.

Moneycontrol couldn't independently verify the report.

KP Ramasamy, KPD Sigamani and P Nataraj each held 20.34 percent stake in the company as on March 2025, according to data on KPR Mill’s shareholding pattern available on BSE. Promoters and promoter groups held a total of 70.68 percent stake in the firm, and the rest of the 29.32 percent stake was held by public.

The three promoters alone held a little over 61 percent stake in the company. The reported stake sale will reduce their cumulative shareholding in the firm to 57.82 percent.

KPR Mill has a market capitalization of nearly Rs 42,000 crore, as on May 20. Earlier this month, the company reported a 4 percent on-year fall in net profit to Rs 204.55 crore for Q4 FY25. Its had earlier reported a net profit of Rs 213.61 crore for Q4 FY24.

The company's revenue from operations also declined around 4 percent on-year to Rs 1,769 crore. Along with the Q4 results, the firm had announced a final dividend of Rs 2.5 per equity share for the financial year 2025.

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