Dabur India dips 3% as 1% equity change hands via block deals

Shares of Dabur India dropped 3 per cent to Rs 570.80 on the BSE in Tuesday's intra-day trade after 1 per cent equity of the personal care products' company changed hands on the counter.

At 09:15 am, around 18.2 million equity shares, representing 1.02 per cent of total equity of Dabur India, changed hands on the BSE, exchange data shows. The names of the buyers and sellers could not be ascertained immediately.

According to media reports, Burman family, the promoter of Dabur India, was looking to sell stake worth Rs 800 crore through a block deal on Tuesday.