Blackstone through an entity Singapore VII Topco III PTE has sold total 7.94 crore shares or 13.6 per cent stake in Sona BLW Precision Forgings. The stocks were sold on an average price of Rs 509.10 on the BSE with the transaction size aggregating to Rs 4,044 crore. The shares were picked up by the Government of Singapore and SBI Mutual Fund among others.
Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.
