{"id":58236,"date":"2022-08-11T10:00:00","date_gmt":"2022-08-11T04:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=58236"},"modified":"2022-08-11T09:48:08","modified_gmt":"2022-08-11T04:18:08","slug":"biz-kirloskar-shares","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-kirloskar-shares\/","title":{"rendered":"Kirloskar Pneumatic&#8217;s promoter entities sell company&#8217;s 14% share for Rs 432 crore"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3506227208\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Kirloskar Pneumatic&#8217;s promoter entities on Wednesday divested over 14 per cent stake in engineering firm Kirloskar Pneumatic Company Ltd for Rs 432 crore through open market transactions.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3280348737\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The promoter and promoter group who offloaded shares included Jyotsna Gautam Kulkarni, Ambar Gautam Kulkarni and Nihal Gautam Kulkarni.<\/p>\n<p>The shares were picked up by a clutch of domestic Mutual Fund (MF) houses, investors and an insurance company.<\/p>\n<p>The entities that purchased stake included L&amp;T MF, Aditya Birla Sun Life MF, Tata MF, Franklin Templeton MF, ICICI Prudential Life Insurance Co Ltd, ValueQuest Investment Advisors Pvt Ltd, Alpna Enterprises and Jagdish Naresh Master, bulk deal data available with the BSE showed.<\/p><div class=\"trade-content_5\" id=\"trade-1178077924\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>According to the data, promoter and promoter group sold a total of 93.25 lakh shares, amounting to 14.45 per cent stake of the company.<\/p>\n<p>The shares were offloaded at an average price of Rs 463.05-Rs 463.66 apiece, taking the total transaction value to Rs 432 crore.<\/p>\n<p>Shares of Kirloskar Pneumatic Co Ltd closed at Rs 484.30 on BSE, 1.90 per cent higher from previous close.<\/p>\n<p>In a separate transaction, promoters of iron foundry company Kirloskar Ferrous Industries Ltd offloaded 31 lakh shares of the company for Rs 66 crore via open market transactions.<\/p>\n<p>According to bulk deal data available with BSE, promoters &#8212; Jyotsna Gautam Kulkarni, Nihal Gautam Kulkarni and Ambar Gautam Kulkarni &#8212; disposed of a total of 30.98 lakh shares of the company at an average price of Rs 212.50-Rs 212.73 per scrip, taking the transaction value to Rs 65.86 crore.<\/p>\n<p>Meanwhile, Nippon India Mutual Fund picked up the shares of the company.<\/p><div class=\"trade-content-10\" id=\"trade-3762009016\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Shares of Kirloskar Ferrous Industries Ltd closed 3.47 per cent lower at Rs 213.90 on BSE. PTI HG HVA<\/p>\n<div class=\"trade-after-content\" id=\"trade-1274659920\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Kirloskar Pneumatic&#8217;s promoter entities on Wednesday divested over 14 per cent stake in engineering firm Kirloskar Pneumatic Company Ltd for Rs 432 crore through open market transactions. The promoter and promoter group who offloaded shares included Jyotsna Gautam Kulkarni, Ambar Gautam Kulkarni and Nihal Gautam Kulkarni. The shares were picked up by a clutch of [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":58260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-58236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kirloskar Pneumatic&#039;s promoter entities sell company&#039;s 14% share for Rs 432 crore - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-kirloskar-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kirloskar Pneumatic&#039;s promoter entities sell company&#039;s 14% share for Rs 432 crore\" \/>\n<meta property=\"og:description\" content=\"Kirloskar Pneumatic&#8217;s promoter entities on Wednesday divested over 14 per cent stake in engineering firm Kirloskar Pneumatic Company Ltd for Rs 432 crore through open market transactions. 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