Sona BLW share price

An affiliate of the US firm is offering the shares in Sona BLW Precision Forgings Ltd., as it is formally known, at Rs 500 each, the terms show.

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Shares of Sona BLW Precision Forgings Ltd, also known as Sona Comstar, plunged more than 6% on the BSE in Thursday's early deals after about 10 crore shares ...

Blackstone, which holds 34.12 percent stake in the Indian auto ancillaries company, will likely sell a 13.6 percent stake.

Post OFS, the stake of the Blackstone-backed firm declined to 34.18 percent from 66.28 percent pre-IPO. Revenue had jumped by 17.67 percent from a year ago to Rs 589.22 crore. As of June 2022, Singapore VII Topco III PTE holds around 34.12 percent stake in Sona BLW. In the IPO, Singapore VII Topco III sold around half of its share worth Rs 5,250 crore. Private equity firm Blackstone via its affiliate - Singapore VII Topco III PTE - may exit part of its stake in Blackstone would be offloading a total of 7.94 crore shares or 13.6 percent stake it holds in Sona BLW Precision Forgings, at a price band of Rs 500 per share, a discount of 5 percent from its Wednesday's close, as per the deal terms released on August 17.

Sona BLW share price: Blackstone is likely to raise Rs 4000 crore through the transaction. Currently, Blackstone holds a 34.12 percent stake in Sona BLW.

At 9:25 am, shares of the company were trading 4.8 percent lower at Rs 512.8 on the BSE. Blackstone currently holds 34.12 percent stake in Sona BLW. Currently, Blackstone holds a 34.12 percent stake in Sona BLW.

Shares of Sona BLW Precision Forgings fell over 6 per cent today after private equity firm Blackstone sold 16 per cent stake in the global automotive ...

MOST READ Its driveline technology products include precision forged gears, forged couplings and e-drive, among others. However, sales grew 17.67 per cent to Rs 589.22 crore in Q1 against Rs 500.75 crore in the June quarter of last fiscal. Shares of Sona BLW closed at Rs 539.10 on BSE on August 17, falling 5.5 percent against the previous close on BSE. Post the offer for sale (OFS), the stake of the Blackstone-backed firm fell to 34.18 per cent from 66.28 per cent pre-IPO. Total 965.36 lakh shares of Sona BLW Precision Forgings changed hands amounting to a turnover of Rs 4,922.73 crore on BSE. According to reports, Blackstone via its affiliate - Singapore VII Topco III PTE sold a part of its stake in Sona BLW Precision Forgings Ltd via block deal today. Shares of Sona BLW Precision Forgings fell over 6 per cent today after private equity firm Blackstone sold 16 per cent stake in the global automotive technology company.

The shares of Sona Comstar fell on Thursday, 18 August, after the news broke. According to data from the Bombay Stock Exchange, the shares of Sona BLW ...

According to data from the Bombay Stock Exchange, the shares of Sona BLW Precision Forgings Ltd fell over 3 percent and were priced at Rs 522.50 at 12:30 pm. Follow us on [also read] [Business](https://www.firstpost.com/category/business) [What is the closing bell in stock exchange terminology and why is it important](https://www.firstpost.com/business/what-is-the-closing-bell-in-stock-exchange-terminology-and-why-is-it-important-11107611.html) After the news of Blackstone Inc selling its stake broke, Sona Comstar's shares opened lower at Rs 521.60 on the NSE. According to data from the Bombay Stock Exchange, the shares of Sona BLW Precision Forgings Ltd fell over 3 percent and were priced at Rs 522.50 at 12:30 pm The Blackstone-controlled entity has a stake of 34.1 percent in Sona Comstar. The Indian automotive component maker would also get a chance to participate in Drive’s commercialization programme, FASTLANE. The shares on sale amount to 79.43 million shares, or 13.6 percent stake in Sona Comstar. The shares on NSE tanked similarly and were priced at Rs 522. An affiliate of the US firm is offering shares in Sona BLW Precision Forgings Ltd, as Sona Comstar is formally known, at Rs 500 per equity. The Indian unit of Nomura Holdings Inc. The stock then fell to its lowest level on the exchanges since September last year, but rallied on the back some buying at lows. is selling its shares in Indian automotive component maker Sona Comstar, according to a report in Bloomberg News.

ब्लूमबर्ग के मुताबिक, ब्लॉक डील में कंपनी के 9.6 करोड़ शेयर बेचे गए हैं। ब्लैकस्टोन ग्रुप ...

Sona BLW Share Price