Promoters and large shareholders are cashing in on a stock market rebound, offloading shares worth over ₹24,000 crore in May and June. This surge in secondary market deals, driven by strong domestic institutional investor appetite fueled by SIP inflows, contrasts with a lull earlier in the year. Notable sales include Vedanta, Craftsman Automation, and PB Fintech, with investors seeing favorable conditions for monetizing holdings and rebalancing portfolios.
Promoters and large shareholders have capitalized on the stock market rebound, selling shares exceeding ₹24,000 crore in May and June through block deals. This significant secondary market activity is driven by robust domestic institutional investor demand, fueled by sustained…
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