Promoters offload over ₹24,000 crore in block deals

Promoters and large shareholders sold shares worth more than ₹24,000 crore in May and June. The activity reflects strong demand from domestic institutional investors. It follows a quieter period earlier in the year.

The sales took place in the secondary market. They were supported by inflows into systematic investment plans that boosted institutional buying.

Companies involved in the transactions included Vedanta, Craftsman Automation and PB Fintech. Sellers used the stock market rebound to monetise holdings and adjust portfolios.

The increase in block deals contrasts with lower activity recorded in the first months of the year. Market participants described current conditions as favourable for such secondary trades.

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