New Delhi: Timken India shares jumped over 7 per cent on Tuesday and made a high of Rs 4,250 on BSE. The stock jumped after it finalised a block deal worth around Rs 1,800 crore.
Foreign promoters of Timken India are likely to sell up to 5 million shares, with a total deal value estimated to be around Rs 1,775 crore ($213 million), report stated. Timken Singapore is expected to offer its holdings at a floor price of Rs 3,550 per share. The stock selling at the mentione dprice could fetch around Rs 1,775 crore to the promoters.
This is a developing story, story will be updates shortly
Timken India share price jumped over 7 per cent on May 28, 2024, i.e on Tuesday after 5 million shares change hands via block deals. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
