Promoters are busy taking advantage of the stock market boom – investors are preparing to raise billions by selling shares.

Indian Stock Market Update: The Indian stock market is witnessing a remarkable growth. Stocks of mid-cap and small-cap companies were trading at record highs during this period. Shares of several state-owned companies are also trading at lifetime highs. The boom has played a lottery for investors, which has also upset the promoters of the companies and the Indian government, which owns state-owned companies. According to estimates, everyone from the promoters of the companies to the Government of India is busy taking advantage of this boom.

In 2024, promoters of Indian companies listed on stock exchanges can raise up to Rs 2.5 lakh crore by selling shares. According to JPMorgan Chase, promoters of listed companies are trying to take advantage of this huge boom in the stock market. According to Bloomberg data, Indian companies raised Rs 83,000 crore by selling shares in listed companies in 2023, higher than in 2022.

The Indian stock market has witnessed huge bulk and block deals in the stocks of several listed companies in recent times. Jio Financial Services saw a bulk deal as Motilal Oswal bought shares worth Rs 754 crore. Paytm stock saw a block deal. Deals were seen in stocks ranging from Amber Enterprises to Uno Munda. A block deal has also been seen in the restaurant brand formerly known as Burger King.

Leading IT company Coforge also saw a big block deal when Baring Private Equity Asia sold 27 percent stake for Rs 8,043 crore. Zomato’s stock has also seen a block deal. After the rise in share prices, everyone, be it private equity investors or promoters, is taking advantage of the rise in the stock market. Adani Group has also sold stocks of its companies in block deals.

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