Page Industries’ promoters have sold nearly 2% stake of the company during current month through open market. The promoters and directors of the company i.e. Sunder Genomal, Nari Genomal and Ramesh Genomal, have sold collectively 222,500 equity shares or 2.01% stake of the company on March 10 and March 18. Smallcap World Fund Inc bought 162,500 shares of Page Industries at Rs 11,600 on March 18.
Post transaction, total promoters holding in the company declined to 49% from 51% at the end of December 2015 quarter.
Page Industries is engaged in the business of manufacturing garments. The company is located in Bangalore and is the exclusive licensee of Jockey International Inc (USA) for manufacture and distribution of the Jockey brand innerwear/ leisurewear for men and women in India, Sri Lanka, Bangladesh, and Nepal.
