Wendt (India) Limited has informed the Exchange regarding 'Divestment by Wendt GmbH, Promoter'.
WENDT · price
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Awaiting price reaction for this filing.
Wendt GmbH, one of the two promoters of Wendt (India) Limited, has fully exited the company by selling its entire 7,50,000 equity shares (37.5% of outstanding equity) through an Offer for Sale (OFS) on 15th and 16th May 2025. After this sale, Wendt GmbH holds zero shares in the company. As a consequence, the joint venture and shareholders' agreement with co-promoter Carborundum Universal Limited (CUMI) has been terminated. Wendt GmbH will be de-classified as a promoter under SEBI regulations, and the shareholding pattern will be updated accordingly.
This is a significant ownership change — the company's promoter group has lost its foreign partner and is now solely CUMI, which may affect governance and strategic direction. Short-term share price could see volatility from the large OFS supply, though the transparent OFS mechanism limits overhang uncertainty.