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Shares of Sedemac Mechatronics Ltd are likely to see activity on Thursday as investors look set to sell a stake in the company through a block deal. According to sources cited by CNBC-TV18, up to 44.3 lakh shares, representing around 10% of the company’s equity, could be sold in the transaction, with the deal expected to raise approximately Rs1,329 crore. The floor price has been fixed at ₹3,000 per share, representing a discount of up to 1.2% to Sedemac Mechatronics’ prevailing market price, the report said. The sellers are expected to include A91 Emerging Fund, Xponentia Opportunities Fund and HDFC Life Insurance Company, among others, the report showed. The shares were listed in March and have maintained a steady winning run, scaling multiple record highs. Considering the stock’s Wednesday closing price of ₹3,035, the stock is trading 124% higher than its IPO price of ₹1,352. SEDEMAC Mechatronics is a supplier of control-intensive, critical-to-application electronic control units to leading original equipment manufacturers (OEMs) in the mobility and industrial markets across India, the United States and Europe. The majority of its revenue from operations is attributed to products that incorporate novel control technologies conceived and developed entirely in-house, enabling the company to offer proprietary solutions that provide distinct value to end-users and OEM customers. The company’s customers include TVS Motor Company, Bajaj Auto, Kirloskar Oil Engines, Briggs & Stratton LLC and DEIF India. Disclaimer: We advise investors to check with certified experts before making any investment decisions. Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
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