Pricol block deal: 5.6% equity changes hands, Minda Corp likely seller

According to Pricol’s December shareholding data, Minda Corp held a 15.70 percent stake in the company

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Shares of Pricol, an automotive components and precision engineered products manufacturer, recouped their losses and ended nearly 1 percent higher on January 17 following seven block deals in which a total of 5.6 percent stake exchanged hands.

Though Moneycontrol could not immediately identify the parties involved in the transaction, CNBC-TV18 reported that Minda Corp and another private equity investor were likely sellers.

Buyers of the deal include some domestic and foreign institutional investors, the report said.

According to Pricol’s December shareholding data, Minda Corp held a 15.70 percent stake in the company. Goldman Sachs Fund, Franklin India Smaller Companies Fund and Aditya Birla Sun Life Trustee were among the major institutional investors holding a stake in the company.

At close, shares of Pricol settled at Rs 370.75 on the NSE.

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