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Delayed
Other stock markets
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5-day change | 1st Jan Change | ||
| 1,330 INR | -1.06% |
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-5.22% | -17.44% |
| Feb. 01 | Transcript : GMM Pfaudler Limited, Q3 2024 Earnings Call, Feb 01, 2024 | |
| Feb. 01 | GMM Pfaudler Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023 | CI |
BENGALURU (Reuters) - Shares of GMM Pfaudler fell as much as 18.1% on Friday, their worst intraday percentage fall in nearly 5 years, after a report said that one of its promoters will sell its majority stake in India's largest glass-lined equipment maker.
Pfaudler Inc, which holds a 31.9% stake in GMM Pfaudler, will sell about 29.88% of its holding via block deals at a floor price of 1,700 rupees.
This is at a discount of 11.7% to the stock's close of 1,924.70 rupees on Thursday, Mint newspaper reported.
GMM Pfaudler did not respond to Reuters' queries on the promoter's stake sale.
(Reporting by Nallur Sethuraman in Bengaluru; Editing by Janane Venkatraman)
| 1st Jan change | Capi. | |
|---|---|---|
| -17.44% | 724M | |
| +15.10% | 85.82B | |
| +21.70% | 72.07B | |
| +17.66% | 36.71B | |
| +24.70% | 34.58B | |
| +12.66% | 28.12B | |
| +5.23% | 27.28B | |
| +6.79% | 26.89B | |
| +20.15% | 26.17B | |
| +20.25% | 25.42B |
GMM PFAUDLER LIMITED 