Mentor Capital has sold around 72.50% of its total shareholding in Panasonic Appliances India, worth Rs 17.37 crore, through block deal. The shares were picked up by various firms including Mehrangarh Financial Advisors and Maruti Traders and Investors.
The investment firm has sold 7,10,000 shares in Panasonic Appliances India Company for Rs 244.7 per share. Mentor Capital had a total of 9.79 lakh shares in the company, which was around 9.96 per cent of the total equity shares in the company.
Panasonic Appliances India, a Panasonic Group company is engaged in the manufacture, import, marketing and sales of kitchen appliances and small domestic appliances.
