Paresh Mohanlal Parekh and Vijay Mohanlal Parekh sold a 4.2% stake in Jyoti CNC Automation for Rs 1,079 crore through open market transactions. They divested 96.05 lakh shares at prices between Rs 1,123-1,125.15 each. Buyers included Axis Mutual Fund, Morgan Stanley, Societe Generale, and others. Post-sale, the shares dropped 1.35% on the NSE to Rs 1,117.50 and 0.95% on the BSE to Rs 1,123.50. Jyoti CNC is a top manufacturer of CNC machines, with significant market shares in India and globally.
