Mahindra Forgings’ shareholder Nainesh Trading & Consultancy has offloaded 5 lakh shares of the company for Rs 3.22 crore. The shares were purchased by one Yogiraj Makar at an average price of Rs 64.5 apiece. As on quarter-ended June, Nainesh Trading & Consultancy held 24 lakh shares of Mahindra Forgings amounting to 2.61% stake in the company.
Meanwhile, the promoters holding in the company stood at 52.97% while Institutions and Non-Institutions held 13.51% and 33.52% stake in the company respectively, as on quarter-ended June.
Mahindra Forgings is a part of the $14.4 billion Mahindra group, manufacturing World Class Forged and Machined products for automotive, agriculture, railway, mining, construction and other industries with production plants in India, Germany and UK.
