Kpr Mill share: The promoters of the KPR mill are a big deal. CNBC-TV18 quoted sources on 20 May as saying that, the company’s three promoters can raise Rs 1,195.6 crore by selling a stake of 3.2 percent in the textile company through block deal. A floor price of Rs 1107 per share has been fixed for the deal. The chairman of the Ferm is KP Ramasamy, Managing Director KPD Sigmani and P Natraj promoters who will reportly finalize the deal.
The company’s shares rose by more than 1 per cent during the May 20 trading session and closed at Rs 1,226 per share. The reported floor price is about 10 per cent lower than the current market price of stock. CNBC Awaaz quoted the people familiar with the matter as saying that promoters will sell 1.08 crore shares of the company in the deal made by IIFL Finance. However, Moneycontrol could not independently confirm this report.
Promoters have 70.68 percent stake in the company
According to data from KPR mill’s shareholding pattern available on BSE, each of KP Ramasamy, KPD Sigmini and P Natraj had a 20.34 percent stake in the company by March 2025. Promoters and promoter groups had a total of 70.68 percent stake in the firm, and the remaining 29.32 percent stake with the public.
The market capitalization of the KPR mill as of May 20 is around Rs 42,000 crore. Earlier this month, the company fell by 4 percent to a decline of Rs 204.55 crore for Q4 FY25. Earlier, the company had registered a net profit of Rs 213.61 crore for Q4 FY24. At the same time, the company’s revenue from operations also declined by about 4 percent to Rs 1,769 crore on an annual basis. With the results of the fourth quarter, the firm announced the final dividend of Rs 2.5 per equity share for the financial year 2025.
