Dabur India promoters sell 1% stake through block deal to finance ventures

Promoters of FMCG giant Dabur on Tuesday sold a 1 per cent stake through a block deal. According to an exchange filing, the Burman family — the promoters of Dabur — sold the shares through its Gyan Enterprises and Chowdry Associates.

“The purpose of doing this transaction is to raise funds for financing some ventures in the private hands of the Burman family,” the exchange filing said.

On Tuesday, Dabur’s stocks ended the session at Rs 579.8, a decline of 1.5 per cent. The company commands a market capitalisation of Rs 1.02 trillion. The promoters held a 67.24 per cent