Promoters on a selling spree amid red hot D-Street valuations

As the question of stretched valuations continues to swirl through Dalal Street, promoters seem to be firmly on course toward breaking the hitherto all-time calendar-year stock dilution record – set in the 2020 Covid era. So far in 2024, both domestic and overseas promoters have sold shares worth nearly ₹65,000 crore – not far from the 2020 high watermark of ₹78,500 crore.

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