Mumbai: The chairman and managing director of Pyramid Saimira Theatre Ltd has offloaded 1.7 million shares, or 6.04% of the equity, in an off-market sale, a disclosure to the National Stock Exchange showed.
The sale was made between 20 December and 31 December, the notice issued late on Monday showed.
PS Saminathan, also the promoter of Pyramid, now holds 5.09 million shares or 17.99% in the cinema operator.
Uma Saminathan, another promoter, sold 152,839 shares or 0.27% in the three months to December, the disclosure on Monday showed.
Earlier this month, another promoter, Nirmal Kotecha, sold 6.5%, of his stake in the company through open market sale.