Wendt India set for worst day in 17 years on parent's stake sale at discount

Wendt (India)

15/05/2025 05:19

** Wendt India WNDT.NS plunges 17% to 8,689 rupees; set for steepest intraday pct drop since January 2008

** Parent Wendt Gmbh to sell 37.5% stake in WNDT on May 15 and May 16 at floor price of 6,500 rupees, a 38% discount to Wednesday's close

** Stock on track to snap three-session gaining streak

** WNDT extends YTD losses to 48%

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))