Market experts say that promoters offloading a small stake should not raise alarm bells, but if they have been paring their stake continuously over the years, then it does warrant a closer look.
The $8.5-billion mega-merger between Reliance and Disney was the highlight of the quarter, making a significant portion of the overall deal value in Q1
Two entities Lakumi Trust and Nicomac Machinery on Tuesday divested a 4.9 per cent stake in Gland Pharma for Rs 1,411 crore through open market transactions. Lakumi Trust and Nicomac Machinery Pvt Ltd disposed of 81.20 lakh shares of Gland Pharma in separate bulk deals on the National Stock Exchange (NSE).