Wendt India shares tumble 20% as German promoter launches offer for sale at 38% discount




The Offer for Sale (OFS), which opened for non-retail investors on May 15 and will continue for retail investors on May 16, aims to divest up to a 37.5% stake in the company. In a filing with the BSE, Wendt India stated that the promoter plans to sell up to 6,00,000 shares, representing 30% of the total issued and paid-up equity share capital.

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