Promoters of Electronics Mart India divest 7.8% stake for Rs 689 cr

Q: How long will it take to read this news story?

The story "Promoters of Electronics Mart India divest 7.8% stake for Rs 689 cr" has 372 words across 15 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Promoters of Electronics Mart India divest 7.8% stake for Rs 689 cr" was covered 5 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 302 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22106013</li><li>URL: https://beamstart.com/news/promoters-of-electronics-mart-india-17238249085088</li></ul>

Business Standard Logo Business Standard 5h ago

Promoters of Electronics Mart India divest 7.8% stake for Rs 689 cr - Business Standard

Quick Summary:

Pavan Kumar Bajaj and Karan Bajaj, the promoters of Electronics Mart India, on Friday, divested a 7.8 per cent stake for Rs 689 crore via open market transactions, while Norway's Government Pension Fund Global and SBI MF picked up the stake.

According to the bulk deal data on the National Stock Exchange (NSE), Pavan Bajaj and Karan Bajaj sold 1.50 crore shares each, representing a 7.8 per cent stake in Electronics Mart India Ltd (EMIL).

After the latest transaction, the combined shareholding of promoter and promoter group entities' in EMIL has declined to 65.17 per cent from 72.97 per cent.