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Promoters sold 1.5 percent stake in Polycab India, the wires and cables manufacturer, to clutch of investors for Rs 1,740 crore via open market transactions on September 25.

Polycab India shares fell 1.66 percent to Rs 7,407.5 on Thursday, extending losses for third consecutive session especially after hitting record high on Monday this week.

Promoters - Ajay Jaisinghani, Girdhari Thakurdas Jaisinghani, Ramesh Thakurdas Jaisinghani, Inder Thakurdas Jaisinghani, and others - offloaded 23.3 lakh shares at Rs 7,458 per share, for Rs 1,739.7 crore, as per block deals data available on the exchanges.

JP Morgan Fund ICVC was the biggest buyer among investors participated in t

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