SRF shares fall 4% as promoter Kama Holdings set to sell 3% stake in open market

SRF share price

• SRF shares fell nearly 4 percent after promoter stake sale news
• Kama Holdings to sell up to 3 percent stake in SRF by March 2027
• Promoter stake in SRF to drop below 50 percent after sale

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The shares of SRF dropped in trade on February 17 after the company’s promoter Kama Holdings announced that it will sell some stake in the company.

SRF shares fell nearly 4 percent to close at Rs 2,735.80 apiece on Tuesday. Kama Holdings shares meanwhile gained more 4 percent to end the session at Rs 2,651.30 apiece.

Here's what Kama Holdings said:

In an exchange filing, Kama Holdings said that its board of directors have approved the proposal to see up to 3 percent equity stake in SRF in the open market by March 2027. This will result in the promoter’s stake falling below the 50 percent threshold, it added.

Kama Holdings said it cannot ascertain the cash consideration it will receive upon the completion of the stake sale.

According to data on SRF’s shareholding pattern as on December 31 last year, Kama Holdings held 50.21 percent stake in the company

SRF shares have fallen nearly 8 percent in the past one week, and around 10 percent in the past one month. The stock gained nearly 18 percent in the past three years, and more than 140 percent in the past five years.

It currently has a P/E ratio of more than 47, and a market capitalization of Rs 81,095.90 crore. It is a chemical-based, multi-business conglomerate associated with the manufacturing of industrial and specialty intermediates.

For the October-December quarter of the ongoing financial year 2026, SRF reported a net profit of Rs 433 crore on revenues of Rs 3,713 crore. Kama Holdings meanwhile reported a consolidated net profit of Rs 218 crore on revenues of Rs 3,743 crore.

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