Veteran Investor Ashish Kacholia sold some of his stake in Repro India showed bulk deals data.

What Happened: On August 26, Ashish Kacholia sold a 1.22% stake in the company at an average price of ₹625 per share. Kacholia sold 1.75 lakh shares in the company. 

JVS Joyrass Holdings bought 1 lakh shares at an average price of ₹675. 

Kacholia had a 2.41% stake, or 3.44 lakh shares in the company till the June 2024 quarter. The sale reduces his stake to 1.19%. 

Other major investors in the company are Vijay Kedia who holds a 6.34% stake which is 9.06 lakh shares in the company and Madhusudan Kela who has 4.75 lakh shares which is a 3.32% stake. 

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Repro India is engaged in the printing of books and reproduction of recorded media. This includes value engineering, creative designing, pre-press, printing, post-press, knitting and assembly, warehousing, dispatch, database management, sourcing and procurement, localization and web-based services.

In its Q1 results, Repro’s net profit fell to ₹13 lakh from ₹3.04 crore in the previous year. Its revenue fell from ₹119.53 crore in the previous year to ₹112.29 crore in this quarter.

Price Action: Shares of Repro India reversed early gains in the session and is now trading 0.09% up at ₹636.30.

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