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Get latest articles and stories on Latest News at LatestLY. Timken Singapore Pte, promoter of bearings-maker Timken India, on Tuesday offloaded a 6.6 per cent stake in the company for Rs 1,956 crore through open market transactions. Latest News | Timken India Promoter Pares 6.6 Pc Stake for Rs 1,956 Crore.
Get latest articles and stories on Latest News at LatestLY. Inox Wind Energy, one of the promoters of Inox Wind Ltd, on Tuesday divested a 4.6 per cent stake in the company for Rs 904 crore through open market transactions. Latest News | Promoter of Inox Wind Divests 4.6 Pc Stake for Rs 904 Cr.
Timken Singapore Pte, promoting Timken India, divested a 6.6% stake, equivalent to 50 lakh shares, in the company for Rs 1,956 crore through open market transactions. Buyers included notable mutual funds and financial corporations. Post-sale, Timken Singapore's share in Timken India reduced to 51.06% from 57.70%.