ZF Commercial jumps 5% as shares worth Rs 792 crore traded via block deal route

ZF Commercial Vehicle shares have fallen 20 percent over the past year.

Around six lakh shares of ZF Commercial Vehicle Control Systems India Ltd worth Rs 792 crore were exchanged at Rs 13,191 apiece in a block deal window on June 6, 2025, leading the shares to rally over five percent at open.

Reports had earlier suggested that the promoter WABCO is looking to offload a 3.13 percent stake in ZF Commercial through block deals to raise around Rs 720 crore, according to multiple industry sources.

As of the March, the promoters of ZF Commercial had a 63.16 percent stake in the company.

At 9.16 am, shares of ZF Commercial Vehicles surged 5.3 percent to Rs 14,030 per share on the NSE. In the previous session, shares of the firm settled around 0.9 lower on on the NSE at Rs 13,377 per share.

The floor price for the deal was set at Rs 12,000 per share, reflecting a 10 percent discount to the stock’s last traded price. Citi is the broker managing the transaction, the sources added. However, the block occurred at a one percent discount to the previous session's close of Rs 13,323 per share.

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This block deal possibly marks another significant divestment by the company’s promoters, following the sale of a 6 percent stake in November last year. German auto component supplier ZF Group, which owns the subsidiary, had said at the time that the sale was aimed at increasing liquidity and financial flexibility for growth.

ZF Commercial share price is now almost 20 percent in the last one year, with the company’s market capitalisation is around Rs 26,700 crore. However, over the past one month, the firm's shares have rallied 15 percent.

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