Granules India promoter sells 1.72 crore shares worth Rs 1,500 crore; Goldman Sachs, BNP Paribas among investors

Granules India promoter Krishna Prasad Chigurupati has sold 1.72 crore equity shares of the company worth around Rs 1,500 crore through a combination of block deal and open market transactions on September 11, 2026.

In an exchange filing, Granules India said it received an intimation from Krishna Prasad Chigurupati regarding the sale of 1,72,00,000 equity shares of the company on September 11 through a block deal and open market.

The transaction saw participation from marquee institutional investors, including Goldman Sachs Bank Europe SE, BNP Paribas Financial Markets, Capital Group, Kotak Mahindra Life Insurance Company, ChrysCapital, Allspring and other domestic and global investors.


As per the NSE block-deal data, 1,32,95,129 shares were sold by Krishna Prasad Chigurupati at Rs 872.50 per share, amounting to approximately Rs 1,160 crore.

The NSE data showed purchases by Kotak Mahindra Life Insurance Company, Smallcap World Fund Inc, Sundaram Mutual Fund, Aditya Birla Sun Life Mutual Fund, SBI Life Insurance Company, Edelweiss Mutual Fund, 360 ONE PIPE Fund, Clarus Capital 1, Emerging Markets Equity Fund, Emerging Markets Growth Fund Inc, Florida Retirement System and other institutional investors.

The buyers also included Capital Group Emerging Markets Equity Collective Trust US, Capital Group Emerging Markets Growth Collective Trust (US) and Capital International Emerging Markets Fund.

Sale to fund second tranche of preferential issue

Granules India said the transaction was undertaken to fund the second tranche of the company's ongoing preferential issue and support the next phase of its growth initiatives in line with its stated objects.

The company said it had deployed the funds raised through the preferential issue in February 2026 and executed the identified growth initiatives at a pace faster than originally envisaged.

Accordingly, the funds have been utilised significantly earlier than anticipated, the company said, adding that the utilisation remains fully aligned with the objects disclosed at the time of the preferential issue.

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Promoter holding falls to 31.08%

Following the transaction, the aggregate shareholding of the Promoter and Promoter Group in Granules India has changed from 38.02% to 31.08% of the paid-up equity share capital.

On a diluted basis, the aggregate shareholding of the Promoter and Promoter Group after the transaction stands at 37.39%.

Krishna Prasad Chigurupati's individual shareholding as a promoter has changed from 31.00% to 24.06% of the paid-up equity share capital of the company.

Granules India share price

Granules India shares settled 0.90% higher at Rs 909.65 apiece on the BSE on Friday, September 11, 2026, compared with the previous close of Rs 901.50.

On the NSE, the stock traded in the range of Rs 914.55 to Rs 880.75 per share during the session.

The company had a market capitalisation of Rs 22,540.85 crore on the BSE as of Friday, September 11, 2026.

This article has been written by Kumar Gaurav, who is not a SEBI-registered Research Analyst or an Investment Adviser. Gaurav and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment.