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Sell-downs surge 60% in 2024 as promoters, PEs divest stakes
- Sell-downs surged 60% in 2024 as promoters and PEs divested stakes amidst market rallies.
- PE players are booking profits and reinvesting in early-stage start-ups for higher returns.
- Block deals involved prominent promoters like BAT Plc, Vodafone Plc, Hoechst, Blackstone, and Antfin.
- The Nifty Midcap index rallied 25% while the benchmark Nifty 50 rose 18%.
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