Promoters just dumped Rs 54,732 crore worth of their own shares - here's why
Key Points
- Promoter shareholding in Indian companies has plummeted from...
Promoters are selling their own companies faster than hot samosas at a train station. In just 13 quarters, promoter shareholding in Indian companies has crashed from 45.13% to a miserable 40.58% - that's an eight-year low that would make even a pessimistic accountant wince.
When the people who built the company start heading for the exit, it's like watching the chef refuse to eat at his own restaurant. The math is brutal: Rs 54,732 crore worth of shares have been offloaded by promoters who apparently think their money is better off elsewhere.
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