The Economic Times
English EditionEnglish Editionहिन्दी
| E-Paper
Search
+

    GMM Pfaudler offer for sale at Rs 3,500

    Synopsis

    Currently, Patel family owns 24.56 per cent stake in the company while Pfaudler Inc owns a 50.4 per cent stake.

    Shutterstock.com
    Shares of GMM Pfaudler rallied 242 per cent in one year.

    Related Companies

    NSE
    BSE

    PEER COMPANIES

    MUMBAI: GMM Pfaudler, India’s largest manufacturer of glass-lined equipment, has announced an offer for sale (OFS) by the promoters at a floor price of Rs 3,500, a 33 per cent discount to its current market price of Rs 5,203. The promoters Pfaudler Inc and Urmi Patel are selling 25.71 lakh shares or 17.59 per cent of the total equity with an option to additionally sell 15.22 lakh shares (10.41 per cent). Non-retail investors can subscribe to the issue on Tuesday while the window will open for retail investors on Wednesday. Shares of GMM Pfaudler rallied 242 per cent in one year. Currently, Patel family owns 24.56 per cent stake in the company while Pfaudler Inc owns a 50.4 per cent stake.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    1 Comment on this Story

    Ezra31 days ago
    I have 50 shares that i bought @6000 ..Can i hold or sell ? Please advice me
    The Economic Times