Timken India’s foreign promoters eye 6.6% stake sale via block deals

BofA Securities India’ term sheet revealed that the floor price has been fixed at Rs 3,550 apiece — a 10.2% discount to Monday’s closing price of Rs 3,956. The sale at the floor price could fetch the parent company around Rs 1,775 crore or $213 million. BofA Securities India’ term sheet revealed that the floor price has been fixed at Rs 3,550 apiece — a 10.2% discount to Monday’s closing price of Rs 3,956. The sale at the floor price could fetch the parent company around Rs 1,775 crore or $213 million.  Economic Times

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