GMM Pfaudler’s promoter -- the Patel Family (through Millars Machinery Company) has completed acquisition of 1% equity stake in the company from Pfaudler Inc. (ultimately held by DBAG Fund VI, a private equity fund advised by Deutsche Beteiligungs AG) by way of an off market inter-se transfer between promoters at Rs 1,700 per share with 75% of the consideration being paid upfront and remaining 25% to be paid on or before March 15, 2024. The Patel Family’s shareholding now stands at 25.18% and they remain the largest shareholder of the Company.
GMM Pfaudler is a leading supplier of engineered equipment and systems for critical applications in the global chemical and pharmaceutical markets.
