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Gupta Family Sells 5.3% PG Electroplast Stake to Singapore Government and Motilal Oswal AMC

The deal imposes a six-month lock-up on the promoter’s remaining equity following the Rs754.8-per-share sale.

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Overview

  • The promoter family sold 1.59 crore shares, representing a 5.3% stake, raising Rs1,133 crore.
  • The Government of Singapore acquired 38.18 lakh shares for Rs288 crore, taking a 1.35% stake.
  • Motilal Oswal AMC picked up 15.9 lakh shares, amounting to a 0.56% holding, at the same per-share price.
  • PG Electroplast’s consolidated net profit doubled to Rs146.38 crore in Q4, supporting its stock’s 200% gain over the past year.
  • Promoters retain 49.37% of equity, which is now subject to a 180-day lock-up on the residual shares.