Sona BLW Precision Forgings has become the first automotive component manufacturer to receive certification under the auto production linked incentive (PLI) scheme.
Stocks in focus today: Domestically, monthly FNO expiry along with a slew of corporate earnings, could keep the Indian share market a bit volatile. Bajaj Finserv, Netweb Technologies, Bharat Electronics, Nestle India, Axis Bank among stocks to watch on Thursday, July 27, 2023.
Shares of Sona BLW Precision Forgings fell over 6 per cent today after private equity firm Blackstone sold 16 per cent stake in the global automotive technology company. According to reports, Blackstone via its affiliate - Singapore VII Topco III PTE sold a part of its stake in Sona BLW Precision Forgings Ltd via block deal today. Blackstone is estimated to have raised Rs 4,000 crore through the transaction.