Sedemac Mechatronics faces 10% stake block sale
In short
Sedemac Mechatronics may see a block sale of up to 44.3 lakh shares, equal to 10% of the company, for about Rs 1,329 crore.
The floor price is reported at Rs 3,000, below Wednesday’s close, and the shares have a 60-day lock-in. It is not yet clear if the deal will go through.
What the reporting says
Sedemac Mechatronics may see a block deal of up to 44.3 lakh shares, or 10% equity, with investors seeking about Rs 1,329 crore, according to publisher-supplied summaries. The reported floor price is Rs 3,000, below Wednesday’s close, and the shares are subject to a 60-day lock-in. The immediate effect could be pressure on the stock, but the deal is only reported as a possibility and final execution is not stated.
Why it matters
Sedemac Mechatronics may see a block deal of up to 44.3 lakh shares, or 10% equity, with investors seeking about Rs 1,329 crore, according to publisher-supplied summaries. The reported floor price is Rs 3,000 and the shares are subject to a 60-day lock-in. This could affect the stock’s price and ownership mix, but the reporting does not confirm execution or identify every seller in the same source set.