Sona BLW Precision Forgings’ promoter -- Aureus Investment has sold a 3.2 per cent stake in the firm for Rs 957 crore through an open market transaction. According to the bulk deal data available with the NSE, Aureus Investment sold 1.90 crore shares, amounting to a 3.2 per cent stake in Sona BLW Precision.
The shares were offloaded at an average price of Rs 503.73 apiece, taking the transaction value to Rs 957 crore. Post the latest transaction, the shareholding of Aureus Investment has been reduced to 29.8 per cent from 33 per cent (as of March 2023) equity in the firm.
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.
