ZF Commercial Vehicle Control System India: Promoters Likely Sell 3.17% Stake in Block Deals
ZF Commercial Vehicle Control System India Ltd experienced significant block deals worth ₹792 crore, involving 6 lakh shares (3.17% equity) at an average price of ₹13,191 per share. Promoters reportedly intended to sell a 3.13% stake at ₹12,000 per share, suggesting strong demand for the company's shares at a higher price than initially proposed.
05Jun 25
WABCO to Offload 3.13% Stake in ZF Commercial Vehicle Control Systems India
WABCO, a promoter of ZF Commercial Vehicle Control Systems India Ltd, plans to divest a 3.13% stake through a block transaction. The minimum price is set at ₹12,000.00 per share, with the total transaction value estimated at approximately ₹720.00 crore. This move could potentially increase the free float of ZF Commercial's shares and impact market liquidity.
15May 25
ZF Commercial Vehicle Control Systems India Reports Strong Q4 Results and Announces Dividend
ZF Commercial Vehicle Control Systems India announced robust Q4 results with net profit rising 23.76% to ₹1.25 billion and revenue increasing 4.60% to ₹10.00 billion year-over-year. EBITDA grew to ₹1.72 billion with an improved margin of 17.20%. The company recommended a dividend of ₹19 per equity share.