India's Sansera Engineering at record high on report of shareholders' stake sale

Sansera Engineering

22/06/2023 06:30

** Shares of Sansera Engineering Ltd  SASE.NS  jump as much as 8.6% to a record high of
914.55 rupees, their biggest intraday pct gain since July 18
    ** The auto equipment maker's two shareholders are going to sell a combined stake of 14.1%
in the company, BQ Prime reported on Wednesday, citing terms of the deal they reviewed
    ** Shareholders Client Ebene and CVCIGP II Employee Ebene aim to raise up to 6.28 bln rupees
($76.64 mln) from the stake sale on the higher-end of the price band of 799.85 rupees to 841.95
rupees apiece, as per the report
    ** Also adds Nomura is the sole placement agent for the deal
    ** SASE and Nomura did not immediately respond to a Reuters' request for comment
    ** About 826,000 shares change hands, 6.5x the 30-day avg - Refinitiv Data
    ** Stock up 13.1% YTD, as of last close 
    ($1 = 81.9400 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))