Craftsman Auto promoter to sell ₹486 crore stake
Craftsman Automation promoter Srinivasan Ravi plans to sell ₹486 crore stake through a block deal involving 5.25 lakh shares at ₹9,250 each. The transaction is set for execution on 2 June, with a lock-up period of 180 days post-sale.
pre-market1 source ↓written by the desknot a recommendation
- worth of shares
- ₹486 crore
- The sale 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 ₹486 crore worth of shares via a block deal. The sale involves 5.25 lakh shares, or 2.01% of equity, at a floor price of ₹9,250 per share, a 2.9% discount to the last close. This secondary transaction is expected to execute on 2 June.
Not investment advice. For informational purposes only.