Stocks

Will Relaxo slip after promoters’ sell?

| Updated on March 06, 2019 Published on March 06, 2019

 

Shares of Relaxo Footwears may remain in focus, as its promoters have reduced their stakes in the company. In a disclosure to the stock exchanges, the company said its promoters — Ramesh Kumar Dua, Lalita Dua, Gaurav Dua, Rahul Dua and Sakshi Dua — sold 24.40 lakh shares, constituting 1.96 per cent stake in the company, on March 5 and March 6 in the open market. After the transaction, promoters’ holding in the company has come down to 35.50 per cent from 37.47 per cent.

Published on March 06, 2019
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