Shares of Polycab India Ltd. were in focus on Thursday, September 25, after 22.73 lakh shares, or 1.51% equity, worth ₹1,695 crore changed hands at ₹7,458 apiece in a block deal window.
On Wednesday, CNBC-TV18 had reported that promoter entities of the electrical goods company were expected to offload up to 0.81% equity for ₹887.6 crore at a floor price of ₹7,300 per share. The actual deal, however, was larger than anticipated.
According to sources, the sellers included promoter group members — Inder T. Jaisinghani, Ramesh T. Jaisinghani, Ajay T. Jaisinghani, Girdhari Thakurdas Jaisinghani, Nikhil Ramesh Jaisinghani and Bharat Jaisinghani. Promoters will also observe a 90-day lock-in period on further share sales following the transaction.
As per June quarter shareholding, promoters held 51.07% stake in the company, with Inder, Ramesh, Ajay, and Girdhari Jaisinghani collectively holding over 38%.
Meanwhile, Polycab India had reported a strong set of numbers in Q1 FY26, with net profit rising 50% year-on-year to ₹600 crore, revenue climbing 25.7% to ₹5,651 crore, and EBITDA margins improving to 14.5%.
At 9:45 am, Polycab shares were trading 1.1% lower at ₹7,450.5 apiece, though the stock has still gained 44.5% in the past six months.
