As per BSE data, Blackstone s entity Singapore VII Topco III PTE. Ltd - sold its entire shareholding to the tune of 119,925,641 equity shares or 20.50% in Sona BLW. The stake sale was carried at ₹410.04 per share.
Sona BLW's Q2 revenue, Ebitda and Ebitda margin were ahead of Bloomberg consensus estimates. High structural growth visibility and ROEs should continue to drive premium valuations, said Nomura India.