Craftsman Automation shares are under scrutiny as promoter Srinivasan Ravi plans to sell up to 2.01% stake via a block deal worth Rs 486 crore. This secondary transaction, with a floor price of Rs 9,250, follows a recent Rs 2,000 crore QIP. The move aims to monetize holdings and boost liquidity, with Ravi facing a 180-day lock-up. The company reported a strong Q4 with a 74.4% profit surge.
Craftsman Automation's promoter, Srinivasan Ravi, plans to sell up to a 2.01% stake worth Rs 486 crore through a block deal at a floor price of Rs 9,250. This secondary transaction follows a recent Rs 2,000 crore QIP, aiming to monetize holdings and boost liquidity. The company…
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