The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Wendt GmbH
WENDT · price
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Wendt GmbH, the German promoter of Wendt (India) Ltd and part of 3M's Abrasive Systems Division, has completely exited the Indian company. They sold their entire holding of 7,50,000 equity shares (37.50% of total share capital) through an Offer for Sale (OFS) on the stock exchange on May 15-16, 2025. Before the sale, Wendt GmbH held 7,50,000 shares; after the sale, their holding is NIL. The total equity share capital of Wendt (India) is 20,00,000 shares of INR 10 each. The disclosure was filed under SEBI's Takeover Regulations (Reg 29(2)) on May 19, 2025.
This is a complete promoter exit. After this OFS, Wendt (India) will have no promoter holding, effectively making it a company without a controlling shareholder. This could lead to short-term price pressure due to supply of shares on the exchange, and the stock may see increased volatility or re-rating based on who picks up the stake. Investors should watch for post-OFS shareholding pattern to see if a new large shareholder emerges.