Mumbai, May 16 -- The foreign promoter divested a total of 7.5 lakh equity shares, representing 37.5% of Wendt (India)'s paid-up equity capital. The base offer involved 6 lakh shares (30% stake), with an additional oversubscription option of 1.5 lakh shares (7.5%).

The OFS was conducted in two phases: it opened for non-retail investors on 15 May 2025 and for retail investors on 16 May 2025. The floor price was set at Rs 6,500 per share, representing a 37.90% discount to the stock's closing price of Rs 10,467.65 on 14 May 2025.

As of March 2025, Wendt (India)'s promoter holding stood at 75%, split equally between Wendt GmbH and Carborundum Universal, each holding 37.5%.

On Day 1 (T-day), by 3:30 p.m., the OFS received bids totaling 23,5...