Marina III Singapore has sold its entire 5.48 per cent stake in Craftsman Automation for Rs 370 crore through an open market transaction. According to the bulk deal data available with the BSE, Marina III Singapore offloaded 11,56,808 shares, amounting to 5.48 per cent stake in the company. The shares were sold at an average price of Rs 3,200 per scrip, taking the transaction value to Rs 370 crore.
Craftsman Automation is a diversified engineering company engaged in: (a) Automotive - Powertrain and Others, (b) Automotive - Aluminium Products, and (c) Industrial and Engineering segments.