GMM Pfaudler’s promoter -- Pfaudler Inc. has divested 17.3 per cent stake in the company for Rs 1,324 crore through open market transactions. Pfaudler Inc offloaded a total of 77,85,819 shares on both BSE and NSE, amounting to 17.32 per cent stake in the company.
The shares were sold in the range of Rs 1,700.14 - Rs 1,702.87 apiece on NSE and BSE, taking the transaction value to Rs 1,323.97 crore. Post the transaction, the shareholding of Pfaudler Inc will reduce to 14.56 per cent from 31.88 per cent and the total promoter shareholding will fall from 56.06 per cent to 38.74 per cent in the company.
The buyers included Plutus Wealth Management, Integrated Core Strategies (Asia) Pte, Aditya Birla Sun Life Mutual Fund, among others.
GMM Pfaudler is a leading supplier of engineered equipment and systems for critical applications in the global chemical and pharmaceutical markets.
| Company Name | CMP |
|---|---|
| BHEL | 404.65 |
| Thermax | 4681.15 |
| Kirloskar Oil Eng | 1727.60 |
| Skipper | 466.10 |
| GMM Pfaudler | 894.95 |
| View more.. | |
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