Home / Business and Economy / Belrise Block Deal: Rs 897 Cr Stake Sale Looms
Belrise Block Deal: Rs 897 Cr Stake Sale Looms
23 Dec
Summary
- Sumedh Tools plans to sell a 6.56% stake in Belrise Industries.
- The block deal is valued at Rs 897 crore with a floor price of Rs 153.70.
- This is the first major secondary sale since Belrise's May 2025 IPO.
Belrise Industries' stock is expected to be a focal point following the announcement of a substantial block deal. Sumedh Tools, a promoter group entity, intends to divest a 6.56% stake, translating to 5.83 crore equity shares, in a transaction valued at approximately Rs 897 crore.
The sale, scheduled for Tuesday, December 23, has set a floor price of Rs 153.70 per share. This offering represents the first significant secondary market transaction for Belrise Industries since its Initial Public Offering in May 2025. Jefferies India is managing the deal as the sole bookrunner.
Belrise Industries is a diversified automotive component manufacturer, supplying critical parts like chassis systems, suspension components, and exhaust systems for a wide range of vehicles. The company's strong IPO performance, with a 41.3 times subscription and a listing premium, underscores its market appeal.
