Promoter selling hits record in secondary market, buying dips to 3-year low

In addition to secondary market block deals, promoters have used the offer for sale (OFS) mechanism to reduce assets. The government was this year’s largest seller of OFS, with approximately ₹7,700 crore. This included an OFS: ₹3,677 crore in Mazagon Dock Shipbuilders Ltd ₹2,599 crore OFS in Bank of Maharashtra and a ₹1,421 crore OFS in Indian Overseas Bank. Adani Wilmar saw its promoter Adani Commodities sell its 13.5% stake in the company. ₹4,829 crore.