Wendt GmbH, a promoter of Wendt (India) Limited, has sold 7,50,000 equity shares, representing 37.5% of the company's outstanding equity.
The sale occurred on 15th and 16th May 2025 through an offer for sale mechanism.
Post-transaction, Wendt GmbH no longer holds any equity shares in Wendt (India) Limited, fully exiting its shareholding.
The stake sale has resulted in the termination of the joint venture agreement (Shareholders’ Agreement) with Carborundum Universal Limited.
Wendt GmbH's de-classification as a promoter will be undertaken according to SEBI regulations, and necessary changes to the shareholding pattern will be made.