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Dabur India shares decline 2% after block deals

A media report said Dabur promoter would sell 0.5 per cent equity stake to raise Rs 460 crore at Rs 509.65-520.05 per share

Dabur
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Dabur

SI Reporter Mumbai
Shares of Dabur India were trading 2 per cent lower at Rs 507.55 on the BSE in intra-day trade on Friday after nearly 10 million equity shares of the personal products company changed hands via block deals.

At 09:15 am, around 9.63 million equity shares representing 0.54 per cent equity of Dabur India changed hands on the BSE, the exchange data shows. The name of the buyers and sellers were not known immediately.

At 10:05 am, the stock was trading 1.65 per cent lower at Rs 511.60, as compared to 0.28 per cent decline in the S&P BSE Sensex. 

As many as 11.37

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