According to the exchange data, Balkrishan Goenka is the trustee of Welspun Group Master Trust.
The family trust of Goenka, Welspun Group Master Trust sold 3,80,81,706 shares, translating into a 3.92% stake in Welspun Living, according to the block deal data on National Stock Exchange.
The shares were sold at an average price of Rs 205.21 apiece, taking the deal value to Rs 781.47 crore.
Promoter and promoter group entities held 70.50% in Welspun Living as of the end of the June quarter, data showed.
Among the buyers of Welspun Living shares were Aditya Birla Sun Life Mutual Fund, SBI Life Insurance, Authum Investment & Infrastructure, Copthall Mauritius Investment, Ghisallo Master Fund LP, Indus India Fund and Government Pension Fund Global of Norway.
Welspun Living belongs to the diversified Welspun Group. Its main business is manufacturing and marketing a range of home textile products- bed linens, towels, rugs, among others.
Shares of Welspun Living declined 5.05 per cent to settle at Rs 196.80 piece on the NSE.
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