ZF Commercial shares in focus after block deals worth ₹792 crore; Promoters likely sellers
Published on 06/06/2025 08:56 AM
ZF Commercial shares in focus after block deals worth ₹792 crore; Promoters likely sellersZF Commercial block deal: As many as 6 lakh shares or 3.17% of the overall equity changed hands in the block deal.By Meghna Sen June 6, 2025, 8:56:37 AM IST (Published)1 Min ReadShares of ZF Commercial Vehicle Control System India Ltd. will be in focus on Friday, June 6, after a large trade took place in the company.
As many as 6 lakh shares or 3.17% of the overall equity changed hands in the block deal, according to data available on the exchanges.
Shares changed hands at an average price of ₹13,191 per share. The total transaction value is said to be ₹792 crore.
CNBC-TV18 had reported that promoters of ZF Commercial intend to sell 3.13% stake in the company through block deals. The deal size stood at ₹720 crore.
The offer price was said to be ₹12,000, which was a discount of up to 10% from Thursday's closing price.
Buyers and sellers in the transaction is not known officially.
As of the March-end quarter, promoters of ZF Commercial had a 63.16% stake in the company.
Shares of ZF Commercial Vehicle Control Systems India ended 0.93% lower on Thursday at ₹13,377.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsBlock dealsshare market todayZF commercial