Honeywell Automation’s promoters sell 6.24% stake

19 Dec 2012 Evaluate

In a bid to comply with the minimum public shareholding norms as per SEBI, Industrial solutions provider Honeywell Automation India’s promoter Honeywell Asia Pacific Inc. has offloaded 6.24 per cent stake or 551,333 equity shares in the company for about Rs 130 crore.

Post the transaction, the promoter’s stake in the company will come down to the required level of 75% from 81.24%.

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.

Honeywell Automation Share Price

38900.00 1178.65 (3.12%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Dixon Technologies 7490.00
Honeywell Automation 38900.00
MIRC Electronics 19.00
Safa Systems & Techn 12.00
Wonder Electricals 677.05
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.