Corporate News     14-Dec-23
GMM Pfaudler announces change in shareholding
Patel Family hikes stake in GMM Pfaudler to 25.18%
GMM Pfaudler announced that the Patel Family (through Millars Machinery Company) have completed acquisition of 1% equity stake in GMM Pfaudler from Pfaudler Inc. (ultimately held by DBAG Fund VI, a private equity fund advised by Deutsche Beteiligungs AG) by way of an off market inter-se transfer between promoters at Rs 1,700 per share with 75% of the consideration being paid upfront and remaining 25% to be paid on or before 15 March 2024.

The Patel Family's shareholding now stands at 25.18% and they remain the largest shareholder of the Company.

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