KPR Mill Shares Tumble 6% Following Promoters' Block Deal
KPR Mill's stock dropped 6% after a block deal involving 1.10 crore shares (3.20% of equity) from company promoters. The transaction, likely involving KP Ramasamy, KPD Sigamani, and P Nataraj, was executed at ₹1,107.00 per share, totaling approximately ₹1,195.60 crore. A 90-day lock-in period applies to the sellers. This significant insider transaction has sparked market interest and may lead to increased scrutiny of the company's ownership structure and future direction.
20May 25
KPR Mills Promoters Set to Offload 3.2% Stake in Block Deal
KPR Mills promoters are preparing to sell a 3.2% stake (1.08 crore shares) valued at approximately ₹1,200 crore through block deals. The floor price is set at ₹1,107 per share, a 10% discount to the current market price. IIFL has been appointed to manage the transaction. This move could increase free float, attract new institutional investors, and potentially impact short-term stock price.
20May 25
KPR Mill Promoters to Offload 3.2% Stake in ₹1,195.6 Crore Block Deal
KPR Mill's promoters plan to sell up to 3.2% stake through block deals at a floor price of ₹1,107 per share, a 10% discount to current market price. The offer size is ₹1,195.60 crore. Simultaneously, KPR Mill reported Q4 results with revenue up 4% YoY to ₹1,769 crore, while net profit declined 4% to ₹204 crore.
K.P.R. Mill Ltd released Q4 financial results showing increased revenue to 17.10 billion rupees and consolidated net profit rising to 2.50 billion rupees. However, EBITDA slightly decreased to 3.32 billion rupees. The company's stock has surged 23% over the past three trading sessions, driven by strong Q4 results, result anticipation, and the India-UK Free Trade Agreement eliminating duties on Indian textile exports.
08May 25
KPR Mill Shares Surge 7% Ahead of Board Meeting on Dividend and Financial Results
KPR Mill's stock price jumped 7% to ₹1,216.00 in intraday trading as investors anticipate the upcoming board meeting on May 9, 2025. The meeting agenda includes consideration of the final dividend for FY 2024-2025 and approval of audited financial results. The significant price increase reflects positive investor sentiment and expectations for favorable outcomes from the meeting.