Individual investor Mukul Agrawal has acquired a 2.5% stake in Wendt India, a manufacturer of super abrasives, machine tools, and precision components. This acquisition marks Agrawal's entry as a shareholder in the company, potentially signaling his confidence in Wendt India's prospects. The move could attract attention from other market participants and may influence market sentiment towards the company.
18Jul 25
Mukul Agrawal Acquires 2.5% Stake in Wendt (India)
Individual investor Mukul Agrawal has acquired a 2.5% stake in Wendt (India) during the first quarter, marking a new shareholding position for him in the company. Wendt (India) specializes in super abrasives and precision components. This move by a prominent investor may attract increased market attention to the company.
15May 25
Wendt (India) Shares Plummet 17% as Foreign Promoter Announces Exit
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.
14May 25
Wendt GmbH to Offload Up to 30% Stake in Wendt India via Offer for Sale
Wendt GmbH plans to sell up to 30% of its stake in Wendt India Limited through an Offer for Sale (OFS) with a floor price of ₹6,500 per share. An additional 7.50% stake may be sold if the base offer is oversubscribed. This move could increase the public float of Wendt India shares in the market.
Wendt India Completes €3.8 Million Trademark Acquisition from Wendt GmbH
Wendt India Limited has completed the acquisition of the 'Wendt' brand and associated trademarks from its German promoter, Wendt GmbH, for €3.80 million (approx. ₹34.20 crore). The deal includes over 60 trademark registrations across 40 countries. The company has also announced the closure of its trading window from April 1 to April 25, 2025, ahead of its annual financial results publication.
03Mar 25
Wendt India Expands European Footprint with New German Subsidiary
Wendt India Limited plans to set up a wholly owned subsidiary in Germany with an investment of 50 million rupees. The new entity will focus on sales, servicing, and marketing activities for Wendt India's super abrasives, machine building, and precision components businesses in Europe. The company expects to incorporate the subsidiary within three months and complete the investment within two years. This move aims to strengthen Wendt India's presence in the European market, enhance customer service, and increase market penetration. The global super abrasives market is projected to grow at a CAGR of 9% to reach USD 14 billion by 2030.