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Institutional demand sparks surge in block deals as promoters book profits
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.
Craftsman Automation promoter sells 2% stake for ₹486 crore in block deal
Shares of Craftsman Automation Ltd ended at ₹9,446.55, down by ₹87.60, or 0.92%, on the BSE
Block deal alert! Craftsman Auto shares in focus as promoter to sell stake worth Rs 486 crore
Craftsman Automation shares are under scrutiny as promoter Srinivasan Ravi plans to sell up to 2.01% stake via a block deal worth Rs 486 crore. This secondary transaction, with a floor price of Rs 9,250, follows a recent Rs 2,000 crore QIP. The move aims to monetize holdings and boost liquidity, with Ravi facing a 180-day lock-up. The company reported a strong Q4 with a 74.4% profit surge.
Stocks to Watch today: BEL, IREDA, JSW Infra, Vi, Vedanta Aluminium & more
Stocks to Watch today: BEL, IREDA, JSW Infra, Vodafone Idea, Vedanta Aluminium, Craftsman Automation, Delhivery, Bajaj Auto, Bandhan Bank and more will be in focus today.
Craftsman Automation promoters may sell shares via block deal after ₹2,000 crore QIP
Promoter Srinivasan Ravi is expected to offload up to a 2.01% stake in the company via a block transaction. The deal size is estimated at around ₹484 crore, including the greenshoe option.
Stocks in news: TCS, JSW Infra, Craftsman Automation, IIFL Finance, Transrail Lighting
Indian markets showed a positive trend on Monday, recovering some of Friday's dips, buoyed by global sentiment and strong performance in the banking sector. Several companies are making headlines: JSW Infrastructure is raising funds for expansion, TCS will announce its quarterly results and a potential interim dividend, and Craftsman Automation's promoter plans a stake sale.
Craftsman Automation promoter launches ₹484 crore block deal, offers up to 2.01% stake
The shares are being offered at a floor price of ₹925 apiece. The sale is subject to an 18-month lock-up period.
Metropolis Healthcare Ltd leads losers in 'A' group
Aadhar Housing Finance Ltd, Black Box Ltd, Tata Capital Ltd and Craftsman Automation Ltd are among the other losers in the BSE's 'A' group today, 22 June 2026.
Craftsman Automation raises ₹2,000 crore through QIP; check the list of allottees
Following the share issuance, the company's paid-up equity share capital increased to ₹13.08 crore, comprising 2.62 crore equity shares of face value ₹5 each, from ₹11.93 crore comprising 2.39 crore equity shares earlier.
Craftsman Automation launches Rs 2,000 cr QIP; floor price set at Rs 8,966.13/share
Craftsman Automation announced that its fund-raising committee has approved the opening of a Qualified Institutions Placement (QIP) of equity shares aggregating up to Rs 2,000 crore.
Stocks to Watch today: Bharti Airtel, HCL Tech, Adani Enterprises, SBI, GIC
Stock to Watch today, June 16, 2026: Oil India, Mahindra & Mahindra Financial Services, Craftsman Automation, and Kalpataru Projects are among the top stocks to watch today
Stocks To Watch Today: HCLTech, Cyient, IRCTC, Angel One, Craftsman Auto
Stocks In News On Tuesday