![Dabur block deal](https://img.etimg.com/thumb/msid-96349246,width-210,height-158,imgsize-39908,resizemode-75/dabur-block-deal.jpg)
The promoters will offer up to 4% discount from the current market price for the stake in the fast moving consumer goods major. On Monday, the stock ended 1.6% higher at Rs 589.05.
As of September-end, the Burman family together held 67.24% stake in Dabur India.
Goldman Sachs is the broker to the deal. Dabur is among the few stocks in the FMCG space to have underperformed in 2022. The stock has net gained just 1.5% year-to-date, whereas the Nifty 50 has risen about 6%.
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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price