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Pondy Oxides & Chemicals’ promoter divests 2.94% stake
Jun-30-2026

Pondy Oxides & Chemicals’ (POCL) promoter Manju Bansal has divested 2.94% stake in the company through an open market transaction worth Rs 114.32 crore. Manju Bansal has sold 9 lakh shares of the company. The shares were offloaded at an average price of Rs 1,270.27 apiece. 

Meanwhile, ICICI Prudential Mutual Fund has acquired 4.72 lakh shares, representing 1.54% of total shareholding, of the company for Rs 59.94 crore. The shares were acquired at an average price of Rs 1,270 apiece. 

POCL is a diversified company with its presence in the metals, metallic oxides, PVC stabilizers and lead acid batteries.

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