HAIL’s arm Honeywell Asia Pacific to offload 6.24% in the company

14 Dec 2012

Honeywell Automation of India’s (HAIL) multinational arm, Honeywell Asia Pacific Inc is likely to sell about 6.24% of its holding in its Indian-arm on December 14, 2012 by way of offer for sale (OFS) route to meet the minimum public shareholding requirement.

Honeywell, which holds 81.24% stake in the company, will sell 551,333 shares of HAIL at a floor price of Rs 2,150 per share. After this transaction, which comprises of 6.24% stake in the company, the promoter holding in the company will come down to 75%.

Honeywell Automation India is a leading provider of integrated automation and software solutions that improve productivity enhance comfort and ensure safety and security of homes and business premises.

Related Honeywell Automation India Ltd. Links:

Honeywell Automation Share Price

27100.70 -309.55 (-1.13%) Nov 15, 18:01
1 Year Price Chart
Peers
Company Name CMP
Honeywell Automation 27100.70
Dixon Technologies 3277.70
Videocon Inds. 1.50
MIRC Electronics 7.35
Catvision 7.94
View more..
Sensex vs Honeywell Automation
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463