Wendt (India) Shares Plummet 17% as Foreign Promoter Announces Exit May 15, 2025
Wendt (India) Limited's stock price dropped over 17% in a single trading session following an announcement by its foreign promoter, WENDT GmbH, to sell its entire 37.50% stake through an Offer For Sale (OFS). The OFS floor price was set at a 38% discount to the previous day's closing price, contributing to the sharp decline. The stock has seen a 52% year-to-date decrease. This move will significantly alter the company's ownership structure and has raised concerns about investor confidence and future strategic decisions.
Wendt GmbH to Offload Up to 30% Stake in Wendt India via Offer for Sale May 14, 2025