Craftsman Auto promoter to sell ₹486 crore stake
after close1 source ↓written by the desknot a recommendation
- through a block
- ₹486 crore
- This involves
- 5.25 lakh shares
- of equity
- 2.01%
- per share
- ₹9,250
- to the last
- 2.9% discount
Shares of Craftsman Automation will be in focus as promoter Srinivasan Ravi plans to sell a stake worth ₹486 crore through a block deal. This involves 5.25 lakh shares, representing 2.01% of equity, at a floor price of ₹9,250 per share, a 2.9% discount to the last closing price. The transaction is purely secondary, with no proceeds to the company.
Not investment advice. For informational purposes only.