Private equity firm Blackstone has divested its 20.50 per cent stake in Sona BLW Precision Forgings for Rs 4,917 crore through an open market transaction. Blackstone, through its affiliate Singapore VII Topco III Pte offloaded the shares in Sona BLW. Singapore VII Topco III Pte is a promoter entity in Sona BLW.
According to bulk deal data available with the BSE, Singapore VII Topco III Pte offloaded 11,99,25,641 shares, amounting to 20.50 per cent stake in the company. The shares were sold at an average price of Rs 410.04 apiece, taking the transaction value to Rs 4,917.43 crore. Monetary Authority of Singapore, Government of Singapore, BNP Paribas Arbitrage, Fidelity Asian Values Plc, Societe Generale, among others were the buyers of the shares.
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.
| Company Name | CMP |
|---|---|
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| Tube Investments | 2876.95 |
| Bosch | 37764.95 |
| UNO Minda | 1127.90 |
| CIE Automotive India | 485.95 |
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