Shares of Taj GVK Hotels & Resorts were in focus after the company’s promoters pared their holding through open market transactions. Promoter entities Starlight Trust and Moonshot Trust together sold around 4% stake in the company.
As per available details, Starlight Trust offloaded 12.5 lakh shares, while Moonshot Trust also sold 12.5 lakh shares, taking the total shares sold to nearly 25 lakh. The stake sale was executed through market deals.
On the buying side, Nippon India Mutual Fund emerged as a significant investor, acquiring around 2.4% equity in Taj GVK Hotels. The entry of a large domestic institutional investor helped absorb the promoter selling and provided confidence to the market.
Despite the reduction in promoter holding, market participants viewed the transaction as a portfolio rebalancing move, especially since institutional interest remains strong. Taj GVK Hotels continues to benefit from improving demand trends in the hospitality sector, driven by higher occupancy rates and strong domestic travel.
Investors will now track further shareholding changes and operational performance, particularly as the tourism and hotel industry maintains positive momentum.
