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Bloomberg Quint

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Manorama Industries Promoters Offload Stake Worth Rs 200 Crore

  • Manorama Industries promoters Vinita Ashish Saraf, Shrey Ashish Saraf, Agastya Saraf, and shareholder Ritu Saraf offloaded stake worth Rs 200 crore through open market transactions on Tuesday.
  • LIC Mutual Fund, Bank of India Mutual Fund, and Aditya Birla Sun Life Mutual Fund bought shares in the company.
  • Shares of Manorama Industries fell as much as 5.99% during the trade on Tuesday but partially recovered to close 2.55% lower at Rs 1,090 per share.
  • The stock has soared by 172.36% on a year-to-date basis and has marked a climb of 187.05% over the past 12 months.

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