India's GMM Pfaudler up as major shareholders raise stake at premium

Gmm Pfaudler

14/12/2023 04:44

** Shares of India's GMM Pfaudler  GMMP.NS  rise 2.1% to
1,500 rupees
    ** Co on Wednesday said Patel Family, major shareholders,
have completed acquisition of 1% stake in co from PE firm DBAG
Fund VI 
    ** Stake rise via off-market transfer at 1,700 rupees, ~16%
premium to last close
    ** Patels now hold 25.18% stake in co 
    ** Stk down 4.2% YTD vs 52% gains in Nifty small-cap index
 .NIFSMCP 
                 
    



 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))