December 18, 2025 08:13 am (IST)
Follow us:
Eicher Motors' promoters sell 4.2 per cent stake in company
Mumbai, May 13 (IBNS) Eicher Motors Limited (EML) -- the flagship company of the Eicher Group in India and a leading players in the Indian automobile industry -- announced in a regulatory filing on Friday that two of its promoters and The Eicher Goodearth Trust have sold their 4.2 per cent stake in the company.
Anita Lal, Rukmani Joshi and The Eicher Goodearth Trust, part of the promoter group of EML, informed the company that they have sold 1,140,846 equity shares in EML, representing 4.2 per cent of EML's equity shares, for an aggregate realization of ~Rs 2,100 crores.
This sale has been done to provide liquidity to the promoters, and the proceeds will be utilized for personal uses, such as portfolio and other investments, and for charitable purposes.
Following the sale, the promoter group will continue to hold 50.67 per cent stake in EML, according to the filing.
In the filing the company also said that the promoters intend to maintain a majority share in EML, and do not plan to sell any further shares in the foreseeable future.
Siddhartha Lal, Managing Director and CEO, Eicher Motors Limited, and also a part of the promoter group, said “EML is a standout success and we are immensely proud of our company's journey so far. We believe there is a huge growth potential for EML in its domestic and overseas markets. We have the right business strategy and management team to deliver our growth aspirations. I am excited to continue to steer EML’s next phase of growth.”
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
SBI rolls out YONO 2.0! Banking gets a major digital upgrade
Wed, Dec 17 2025
Nephrocare IPO pops on debut, dialysis major lists at 7% premium
Wed, Dec 17 2025
Rupee hits new lifetime low, but top economist says ‘don’t panic’
Wed, Dec 17 2025
How AI will reshape India: TCS and CII drop their report
Tue, Dec 16 2025
Why Gold Loans Are a Better Option than Selling Your Gold?
Tue, Dec 16 2025