Economy · India
Sedemac Mechatronics Block Deal to See 10% Stake Sale
Sedemac Mechatronics is expected to see a block deal involving the sale of up to 44.3 lakh shares, representing 10% of its equity. Investors, including A91, Xponentia, and HDFC Life, are reportedly planning to offload this stake. The deal is valued at approximately ₹1,329 crore, with a floor price of ₹3,000 per share. The shares sold are subject to a 60-day lock-in period. The reported floor price is below the stock's closing price on Wednesday.
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- Centre (2): Mint, The Economic Times