Share News: The stock gave 56584% return in 3 years - now the promoters have announced to sell crores of shares:

News Topical, Digital Desk : This company, commonly known as DICABS, is a leading company in India that manufactures equipment related to the transmission and distribution (T&D) of electricity. Its name is Diamond Power Infrastructure Ltd.

Company promoters announced to sell stake-
Two promoters of Diamond Power Infrastructure Ltd - Monarch Infraparks and GSEC Ltd - are going to reduce their stake in the company.

They have informed the stock exchange that they plan to sell a total of 3.15 crore shares. This is about 5.98% of the total paid-up share capital of the company.

What is the whole matter- The promoters had announced the sale of shares through a notice on June 4, 2025. The share sale has started for non-retail investors on June 5. Retail investors will get a chance on June 6. Earlier there was a plan to sell 2.10 crore shares (ie 3.99%), but now they have decided to sell 1.05 crore more shares. In this way, a total of 3.15 crore shares will be sold.

What is special for retail investors- Out of the total shares, 31.5 lakh shares have been reserved for retail investors. If you are a small investor, you will have a chance to invest on June 6 - provided you make a valid bid.

How will the shares be sold- These shares are being sold through the special OFS (Offer For Sale) window of BSE and NSE. OFS means that promoters can sell their stake in the open market, and offer it directly to an investor. The promoters of the company are reducing their stake, which may indicate that they want to partially exit their investment. This may be a good opportunity for retail investors to buy shares at a lower price, provided the current condition and future prospects of the company are strong. Before investing, one should carefully look at the fundamentals and OFS price of the company.