Wendt (India) Stock Takes a Nosedive: Foreign Promoter Says Goodbye
Wendt (India) Stock Takes a Dive After Promoter Announces Exit
Shares of Wendt (India) Ltd., a company that makes products for the diamond industry, took a sharp hit on Thursday, May 15th. The stock plunged over 17%, pushing its value down 52% from its peak just a year ago. What triggered this dramatic fall? The news that its foreign partner, WENDT Gmbh, plans to sell its entire stake in the company.
The Offer For Sale: A Discount for Buyers
WENDT Gmbh announced its intention to offload its shares through an ‘Offer For Sale’ (OFS) process. This means they are offering their shares directly to investors at a discounted price. The floor price for the OFS is set at a discount of nearly 38% compared to Wendt (India)’s closing price on Wednesday. The OFS opened for big investors on Thursday and will be available to individual retail investors on Friday, May 16th.
Who Owns Wendt (India)?
Wendt (India) is jointly owned by WENDT Gmbh and India’s Carborundum Universal. Both entities hold a 37.5% stake in the company. SBI Contra Fund, a large Indian mutual fund, holds a significant 6.37% stake, while thousands of retail investors own another 16.14%.
A Challenging Year for Wendt (India)
The stock price drop comes after a tough year for Wendt (India). Shares have already fallen by half in 2025, trading close to their 52-week low. The exit of WENDT Gmbh adds another layer of uncertainty for the company.
