Several listed companies came into focus after their promoters offloaded significant stakes on 9th June 2025. These transactions, disclosed through bulk and block deals, indicate strategic moves by promoter entities, potentially impacting investor sentiment and stock performance in the near term.
Here are the 7 stocks in which promoters offload stakes on 9th June 2025
Wipro Limited
With a market capitalization of Rs. 267,271.39 crore, the shares of Wipro Limited were currently trading at Rs. 255 per equity share, rising nearly 1.47 percent from its previous day’s close price of Rs. 251.30.
On 9th June 2025, Azim Premji Trust sold 20.23 crore shares through a block deal at an average price of Rs. 250, amounting to a total transaction value of Rs. 5,057.50 crore.
On the same day, the following entities bought shares through block deals such as Prazim Traders acquired 5.90 crore shares at an average price of Rs. 250 per share, amounting Rs. 1,487.50 crore, Prazim Trading and Investment Company Private Limited purchased 2.38 crore shares at Rs. 250 per share for Rs. 595 crore, and Hasham Traders bought 11.90 crore shares for Rs. 2,975 crore, also at Rs. 250 per share.
Wipro Limited was established in 1945 and is an Indian multinational company based in Bengaluru that provides IT services, consulting, and business process outsourcing, helping global clients with digital transformation and technology solutions.
Avantel Limited
With a market capitalization of Rs. 4,366.57 crore, the shares of Avantel Limited were currently trading at Rs. 164.80 per equity share, rising nearly 2.17 percent from its previous day’s close price of Rs. 161.30.
On 9th June 2025, Lakshmee Foundation, part of the Promoter Group, sold its entire stake of 21 lakh shares through a bulk deal at an average price of Rs. 163.21, amounting to a transaction value of approximately Rs. 34.27 crore.
Avantel Limited was established in 1990 and is based in Visakhapatnam. The company designs and manufactures telecom and satellite communication equipment, software-defined radios, and radar systems, mainly serving Indian defense, aerospace, and maritime sectors.
Deccan Gold Mines Limited
With a market capitalization of Rs. 2,157.66 crore, the shares of Deccan Gold Mines Limited were currently trading at Rs. 137.50 per equity share, down nearly 5.85 percent from its previous day’s close price of Rs. 146.05.
On 9th June 2025, Rama Mines Mauritius Limited, a promoter entity, disposed of 5 lakh shares at an average price of Rs. 150.5. Post this transaction, its holding stood at 2.21 crore shares (14.11 percent). The total value of the transaction was approximately Rs. 7.52 crore.
Deccan Gold Mines Limited was established in 2003 and is India’s first and only listed gold exploration company. It explores and develops gold mining projects, mainly in Karnataka and Andhra Pradesh, aiming for commercial gold production
Usha Martin Limited
With a market capitalization of Rs. 9,514.04 crore, the shares of Usha Martin Limited were currently trading at Rs. 312.20 per equity share, down nearly 1.42 percent from its previous day’s close price of Rs. 316.70.
On 9th June 2025, Peterhouse Investments India Ltd., part of the Promoter Group, disposed of 2 lakh shares at an average price of Rs. 308.4. Following the sale, its holding stood at 76.67 lakh shares (2.52 percent). The total transaction value amounted to approximately Rs. 6.17 crore.
Usha Martin Limited was established in 1961 and is headquartered in Kolkata. The company is a leading global manufacturer of steel wire ropes used in industries like mining, construction, oil and gas, elevators, and wind energy, serving worldwide markets.
Geojit Financial Services Limited
With a market capitalization of Rs. 2,491.14 crore, the shares of Geojit Financial Services Limited were currently trading at Rs. 89.28 per equity share, down nearly 2.01 percent from its previous day’s close price of Rs. 91.11.
On 9th June 2025, BNP Paribas SA, a promoter entity, disposed of 13.11 lakh shares at an average price of Rs. 86.0. After the transaction, its holding stood at 6.59 crore shares (23.62 percent). The total value of the sale was approximately Rs. 11.28 crore.
Geojit Financial Services Limited was established in 1987 and is based in Kochi. The company provides investment services like stock broking, mutual funds, insurance, and portfolio management, helping clients manage and grow their finances.
MTAR Technologies Limited
With a market capitalization of Rs. 5,442.29 crore, the shares of MTAR Technologies Limited were currently trading at Rs. 1,769.30 per equity share, down nearly 0.11 percent from its previous day’s close price of Rs. 1,771.25.
On 9th June 2025, P Kalpana Reddy, part of the Promoter Group, disposed of 20,000 shares at an average price of Rs. 1,753.3. Following this transaction, her holding stood at 8.39 lakh shares (2.73 percent). The total value of the sale was approximately Rs. 3.51 crore.
MTAR Technologies Limited was established in 1970 and is based in Hyderabad. The company manufactures precision components and equipment for India’s space, nuclear, defence, and clean energy sectors, serving clients like ISRO, DRDO, and global companies.
Veedol Corporation Limited
With a market capitalization of Rs. 2,946.57 crore, the shares of Veedol Corporation Limited were currently trading at Rs. 1,691.10 per equity share, up nearly 0.36 percent from its previous day’s close price of Rs. 1,685.10.
Andrew Yule and Company, a promoter, is selling up to 2 percent of its stake, which is 3.48 lakh shares, in Veedol Corporation through an offer-for-sale (OFS). The sale started for non-retail investors on June 10, 2025, and will be available for retail investors on June 11, 2025. The minimum price for each share is set at Rs 1,566.
Veedol Corporation Limited was established in 1922 (originally as Tide Water Oil Co. (India) Ltd.). The company manufactures and markets lubricants like engine oils and greases for automotive and industrial use, serving customers in over 70 countries worldwide
Written By – Nikhil Naik
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