NFCL promoters shed 25 lakh shares ahead of stake sale

BUSINESS

NFCL promoters shed 25 lakh shares ahead of stake sale

AIMPWA

March 26, 2025

Table of Content

Nagarjuna Fertilizers and Chemicals Limited has said that Amlika Mercantile Private Limited (AMPL), promoters of the company, has sold 25 lakh shares, amounting to 0.418 per cent of the paid up capital of the company on March 21.

“The shareholding of AMPL after the sale is 27.67 crore shares amounting to 46.27 per cent of the company,” it said in a communication to the Bombay Stock Exchange on Wednesday.

The shares of the company, which hit the 52-week low value of ₹4.94 in the early trade, are trading at ₹5.02 on Wednesday.

Agri Vestors Private Limited is set to acquire 45.44 per cent or 27.17 core shares from AMPL on March 28, 2025.

Ahead of the acquisition, the promoters have been selling shares over the last few days, reducing its stake.

The company’s stake hit a 52-week high of ₹14.38 on June 20, 2024.

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