Five entities divest 11.05% stake in Sedemac Mechatronics for ₹1,469 crore
The powertrain controls and auto parts manufacturer saw its shares gain nearly 10 per cent on the NSE after the deals
Five entities, including NRJN Family Trust and HDFC Life Insurance Company Ltd, collectively sold a significant 11.05% stake in Pune-based Sedemac Mechatronics for a total of Rs 1,469 crore, according to National Stock Exchange (NSE) data. The entities offloaded a combined total of 48,79,838 shares, representing the divested stake.
NRJN Family Trust, Mace Pvt Ltd, A91 Emerging Fund II LLP, and Xponentia Capital Partners participated in the sale, while HDFC Life Insurance Company Ltd disposed of roughly 4.04 lakh shares. The entities sold the shares at an average price of Rs 3,010 apiece, resulting in a combined deal value of Rs 1,468.83 crore. Simultaneously, mutual funds from leading entities such as SBI, Invesco, Franklin Templeton, Axis, Aditya Birla Sun Life, and ICICI Prudential, as well as foreign investors like Singapore Government, Monetary Authority of Singapore, Amansa Holdings, Societe Generale, M&G Investments, and T. Rowe Price Group, purchased an equal number of shares at the same price.
Sedemac Mechatronics, a powertrain controls and auto parts manufacturer, saw its shares surge nearly 10% to close at Rs 3,328 apiece on the NSE.
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