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As a promoter, Sameer Gehlaut and his affiliated concerns held about a 9.71 per cent stake in the company as of March 14, 2022, the company said in the regulatory filing. However, he would continue to remain a minority shareholder.

The Hang Seng Index dived five percent Monday as the Hang Seng Tech Index was pummelled 11 percent after China said it would lock down Shenzhen to contain a Covid outbreak.

The record date for the dividend payout has been fixed as March 25.

While bitcoin danced above $42,500 following the news, it has since given up those gains and is now back at around $38,000. Similarly ether has slunk back down to straddle $2,500.

Out of 60 stocks on the BSE IPO Index, 18 stocks have dropped between 40 per cent and 65 per cent from their highs since listing.

Promoters held 54.8 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 24.85 per cent and 11.41 per cent, respectively.

Colgate-Palmolive (India) Ltd., incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 41615.16 Crore) operating in FMCG sector.

A total of 24,920 shares changed hands on the counter till 12:38PM (IST)

"With inflation above 6 per cent, the current account deficit at nearly 4 per cent of GDP, extreme fiscal stress and an uneven growth recovery, we project a sharp rise in macro vulnerabilities," said Nomura India in a note.

As of 31-Dec-2021, promoters held 39.99 per cent stake in the company, while FIIs held 34.6 per cent and domestic institutional investors had 1.88 per cent.