Top companies where promoters have trimmed their stake in the past one year

Over the past one year (till March 2019 quarter), a number of prominent companies such as Axis Bank, YES Bank, MphasiS, HDFC Life Insurance have seen their promoters trim their stake in the companies.

Emami promoters on Monday sold 10 per cent of their stake in the company for around Rs 1,230 crore to pare debt. This was the second stake sale undertaken by the FMCG (fast moving consumer goods) firms' promoters in less than six months. Earlier, in February too, they had sold a 10 per cent stake for Rs 1,600 crore.

Promoters paring stake in their company is nothing new. While the move may raise concerns as regards their commitment to the company they own, the reasons for paring stake may vary and experts suggest investors should assess such moves on a