Shares of precision component maker Wendt India languished over 15 percent lower on May 15 after the company announced that its German parent Wendt GmbH is planning to exit by fully selling its holding via an Offer For Sale (OFS).
Another share sale weighed on the stock price, after cartography and remote sensing services provider Genesys International launched a Qualified Institutions Placement (QIP) to raise funds. The street reacted by sending the stock lower by six percent.
Shares of Wendt India were at a two-month low, falling nearly 39 percent in the past six months, and down 46 percent so far in 2025.
In an exchange filing, Wendt announced that the German promoter company plans to sell 6 lakh shares, with an option to sell an additional 1.5 lakh shares, through the OFS. This would represent a total of 37.5 percent stake in the company.
The OFS has opened for non-retail investors on May 15 and will open for retail investors from May 16 onwards. The floor price for the offer has been set at Rs 6,500 per equity share, nearly 27 percent lower than the current market price.
Shares of Genesys International snapped a three-day gaining streak, but still has seen a near 10 percent rise in five sessions. The stock is down over 29 percent in 2025 so far.
Genesys International had announced in February this year that its board has approved the proposal to raise up to Rs 350 crore through qualified institutional placement (QIP) or other methods. In an exchange filing, the company announced the launch of the QIP on May 14 at a floor price of Rs 665 apiece.
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