Polycab India block deal: Promoters likely to sell 0.8% stake worth Rs 887 crore on Thursday: Report

Promoters of Polycab India are expected to sell up to 0.81% stake through block deals, setting a floor price of Rs 7,300 per share to potentially raise Rs 887.6 crore. Several promoters, including Inder T. Jaisinghani, will participate in the sale, following a recent dip in Polycab’s share price after hitting a 52-week high.

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