Timken India shares gain on report of block deals

Timken

28/05/2024 07:02

** Shares of Timken India  TIMK.NS  up 5.8% to 223.50 rupees
    ** Timken Singapore was likely to sell about 6.6% stake in
company via block deals at a deal worth $213 mln, CNBC-TV18
reported on Monday
    ** About 5 mln shares of bearing maker changed hands as per
BSE data, but details about buyers and sellers were not
available
    ** Timken did not immediately respond to Reuters inquiry
regarding share sale by parent
    ** TIMK shares up 28% YTD vs 10.4% gains in S&P BSE 500
index  .BSE500  

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