Promoter sells 1.72 cr shares; promoter group holding drops to 31.08%
GRANULES · price
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On the reaction day the stock moved 2.0 pts less than Nifty Smallcap 250 and 2.6 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Dr. Krishna Prasad Chigurupati, Promoter of Granules India, sold 1.72 crore equity shares on 11 Sep 2026 via block deal and open market. Buyers included Capital Group, Kotak Mahindra Life Insurance, ChrysCapital, Allspring and other domestic and global investors. The sale will fund the second tranche of the company's ongoing preferential issue. Promoter group holding fell from 38.02% to 31.08% of paid-up capital; Chigurupati's individual stake dropped from 31.00% to 24.06%.
Promoter holding fell nearly 7 percentage points, but entry of reputed institutional investors signals confidence in growth plans.