KPR Mill shares fall 6% after 3.2 percent equity changes hands in block trades, promoters likely sellers

KPR Mill

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

The shares of KPR Mill tumbled nearly 6 percent on May 21 after nearly 1.09 crore shares, representing nearly 3.2 percent equity in the company, exchanged hands in two block deals.

The shares dropped to Rs 1,158.65 apiece to snap a three-day gaining streak.

The firm's promoters, Chairman KP Ramasamy, and Managing Directors KPD Sigamani and P Nataraj are likely the sellers. Earlier on May 20, CNBC-TV18 had reported citing sources that the three promoters 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. The floor price for the transaction had been set at Rs 1,107 per share, the channel reported.

The promoters were set to 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.

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.