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Yeh andar ki baat hai

Lux Industries promoters sell 4.2% stake for ₹1.38 billion

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Published 2 years ago on Dec 24, 2019 2 minutes Read

“Yeh andar ki baat hai,” the famous tagline has been synonymous with Lux Industries’ innerwear and leisure products — the tagline has helped build strong brand recall. But what happens when ‘andar ki baat’ is not too palatable? Evidently, promoter selling in the stock has ruffled quite a few feathers. Promoters including Ashok Kumar Todi sold 4.2% worth Rs.1.38 billion in the last week of December.