PG Electroplast Promoters Divest 5.3% Stake Amid Strategic Transactions
Promoters of PG Electroplast sold a 5.3% stake for Rs 1,132 crore, reducing their holding to 44.07%. Singapore government and Motilal Oswal acquired additional stakes, while shares dipped 0.14%. Separately, BNP Paribas purchased shares in Suraksha Diagnostic, which saw a price drop of 2.30% amid strategic trading shifts.
- Country:
- India
On Tuesday, three promoters of PG Electroplast divested a combined 5.3% stake in the company, raising Rs 1,132 crore through open market transactions on the BSE.
Following the transactions, PG Electroplast promoters Vikas Gupta, Anurag Gupta, and Vishal Gupta's combined holding in the company decreased from 49.37% to 44.07%.
Meanwhile, the Singapore government and Motilal Oswal Asset Management have increased their stakes in PG Electroplast, acquiring a total of 1.91% for Rs 408.22 crore. Despite these developments, PG Electroplast's shares recorded a slight decline of 0.14% on the BSE.
(With inputs from agencies.)
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