Promoter Mala Relan cuts stake in Sharda Motor

Promoter Mala Relan offloads 25 lakh shares of Sharda Motor Industries for 499 crore in a block deal on NSE, selling at 1,996 each. With an 8.76% stake as of March 31, major buyers include Nippon India MF, Edelweiss MF, HSBC MF, ICICI Prudential MF, and Axis Smallcap Fund. Sharda Motor's shares climb 3.13% to 2,060, outperforming the BSE Smallcap Index's 8.73% gain over the past month.