Sedemac Mechatronics | Investors, including A91 Emerging Fund, Xponentia Opportunities Fund and HDFC Life Insurance, are set to offload up to 44.3 lakh shares, or a 10% stake, in Sedemac Mechatronics through a block deal to raise ₹1,329 crore.
The floor price for the deal has been set at ₹3,000 per share, representing a discount of up to 1.2% to the current market price, with a 60-day lock-in on further sale of the shares.
Sedemac Mechatronics | Investors, including A91 Emerging Fund, Xponentia Opportunities Fund and HDFC Life Insurance, are set to offload up to 44.3 lakh shares, or a 10% stake, in Sedemac Mechatronics through a block deal to raise ₹1,329 crore. The floor price for the deal has been set at ₹3,000 per share, representing a discount of up to 1.2% to the current market price, with a 60-day lock-in on further sale of the shares.
