Promoter Sumitomo Wiring likely to sell 3.4% stake in Samvardhana Motherson via block deal on Thursday
Japanese promoter company Sumitomo Wiring Systems will likely sell 3.4% stake in Samvardhana Motherson International through a block deal on Thursday, according to reports. The floor price for the deal is fixed at Rs 69.9, which is almost 9% discount to the last price close. Sumitomo Wiring will sell about 230 million shares in the … Read more