After almost a year of investing in Pricol Ltd, Minda Corporation exited the automotive component maker by selling its entire 15.7% stake through the open market on Wednesday.
Minda Corp. has exited Pricol Ltd. by selling its entire stake of 15.7% for Rs 657 crore via open market transactions.
The company sold 1.91 crore equity shares of Pricol’s total issued and paid-up equity share capital at Rs 343.60 apiece, it said in an exchange filing on Wednesday.
Get latest articles and stories on Latest News at LatestLY. Minda Corporation on Wednesday offloaded a 15.07 per cent stake in automotive components maker Pricol Ltd for around Rs 631 crore through an open market transaction. Latest News | Minda Corp Divests 15.07 Pc Stake in Pricol Worth Rs 631 Crore.
Minda Corp sold 1,91,22,458 shares of Pricol at an average price of Rs 345 apiece for approximately Rs 660 crore, according to bulk deals data on the exchanges.