Huge turnover today in Mayur shares. More than 16% of outstanding shares traded. Seems like Manav has offloaded his entire stake of about 16%. Should get the disclosures soon.
Westbridge sold its stake to L&T and Kotak small cap funds. Block deal.
Yes.. seems that Westbridge , Jwalamukhi sold to Kotak MF and L&T MF.
Expect to get orders from Mercedes by Q1FY19. May add 100-200 Crs in 2 years. Potential to tap into other German auto companies. US Auto industry is doing well. Sixth line can be added for additional 0.7-0.8 M mtrs capacity.Margins in export 10% higher than domestic.
They are saying this since so many years....if you go to transcript and interviews few years back you can easily verify this.