Eimco Elecon (India) Limited , a prominent player in the Indian manufacturing sector, has undergone a significant change in its shareholding structure. Tamrock Great Britain Holdings Limited, previously a major promoter group entity of the company, has completely divested its stake through a strategic sale on the stock exchanges.

Offer for Sale Details

The sale was executed through an offer for sale (OFS) mechanism on September 24 and 25, utilizing the designated window on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The transaction was structured to accommodate different investor categories:

• September 24: Reserved for non-retail investors
• September 25: Open to retail investors and non-retail investors with unallotted bids carried forward from the previous day

Transaction Specifics

Impact on Shareholding

Following this significant transaction:

• Tamrock Great Britain Holdings' shareholding in Eimco Elecon has reduced from 24.68% to nil
• The company's total equity share capital remains unchanged at 57,68,385 shares, valued at ₹5,76,83,850.00

This divestment marks a notable shift in Eimco Elecon's ownership structure, potentially influencing the company's strategic direction and governance. Market participants and stakeholders will likely be keen to observe any subsequent changes in the company's operations or management approach following this exit by a major promoter entity.

The successful execution of this large block sale through the exchange mechanism demonstrates the liquidity and efficiency of Indian stock markets in handling significant ownership transitions. It also highlights the continued interest in Eimco Elecon's equity, as the substantial stake found buyers through the structured OFS process.

Investors and analysts may want to monitor any forthcoming announcements from Eimco Elecon regarding potential changes in board composition or strategic initiatives that might follow this significant shareholding change.

Tamrock Great Britain Holdings has significantly increased its offer for sale in Eimco Elecon (India) Limited, exercising its oversubscription option to expand the total offer size to 14,23,875 shares. This move represents a substantial 24.68% of Eimco Elecon's total issued and paid-up equity share capital.

Offer Details

The offer, which was initially set at a base size of 7,23,875 shares (approximately 12.55% of the company's equity), has now been expanded by an additional 7,00,000 shares. This expansion comes through the exercise of an oversubscription option, effectively doubling the size of the original offer.

Timeline and Process

According to the LODR data, the offer is scheduled to take place over two days:

• September 24, 2025 (T day): Open for non-Retail Investors only
• September 25, 2025 (T+1 day): Open for Retail Investors and non-Retail Investors with unallotted bids from T day

Retail Investor Allocation

As part of this expanded offer, 1,42,388 shares have been reserved for allocation to Retail Investors, subject to the receipt of valid bids.

Market Impact

This significant increase in the offer size could potentially impact Eimco Elecon's stock price and liquidity in the short term. The move by Tamrock Great Britain Holdings, a promoter group entity of Eimco Elecon, to offload a quarter of the company's equity may also lead to changes in the company's shareholding pattern.

Company Background

Eimco Elecon (India) Limited operates in the industrial machinery sector. The company's shares are traded under the ISIN INE158B01016.

This development represents a significant shift in Eimco Elecon's ownership structure and may attract attention from both institutional and retail investors looking to acquire a substantial stake in the company.