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Three Promoters of Eicher Motors Limited have sold their 1,140,846 equity shares (representing 4.2 percent) in EML.
Anita Lal, wife of former Chairman of EML Vikram Lal, Rukmani Joshi and The Eicher Goodearth Trust, part of the promoter group of Eicher Motors Limited have sold their shares for an aggregate realisation of Rs 2,100 crore.
This sale has been done for the purpose of providing liquidity to the promoters and the proceeds will be utilised for personal uses, like portfolio and other investments, and for charitable purposes.
The promoter group, following the sale, will continue to hold 50.67 percent stake in EML.
