Belrise Industries’ Promoter Group company -- Sumedh Tools has exited from the company through Rs 896.73 crore deal. The Sumedh Tools has sold its entire shareholding of 6.56% in the company through open market transactions. Sumedh Tools has offloaded around 5.83 crore equity shares of the company at an average price of Rs 153.70 apiece.
Meanwhile, SBI Mutual Fund and Blackrock Global Investment Series Global Equity Income Portfolio have bought around 5.13 crore and 70.50 lakh shares of the company, respectively, through open market transactions at an average price of Rs 153.70 apiece.
Belrise Industries is an automotive component manufacturing company based in India offering a diverse range of safety critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles.
