GE T&D India falls after large shareholders propose to sell stake at discount

GE Vernova T&D India

19/09/2024 06:28

** Shares of GE T&D India  GETD.NS  fall an exchange allowed
maximum limit of 5% to 1,606.85 rupees
    ** Grid Equipments Pvt Ltd and GE Grid Alliance B.V. propose
to sell up to 15.6% stake in GETD at floor price of 1,400
rupees/shr - a discount to co's last close price of 1,691.40
rupees
    ** Grid Equipments holds 68.5% stake in GETD while GE Grid
Alliance B.V. owns 6.5% stake, as per exchange data
    ** Stock set for worst day in nearly a month, but is still
up more than 200% so far this year

 (Reporting by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))