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The Economic Times
The Economic Times
Business

Silver Consumer Electricals concludes Rs 150 cr pre-IPO secondary share sale

silver IPO Rajkot

Pump and motor manufacturer Silver Consumer Electricals Ltd has completed a pre-IPO secondary share sale worth about Rs 150 crore, with a promoter group member divesting a 2.59 per cent stake as the company prepares its maiden public offering.

In a public announcement on Friday, the company said promoter group member Dharamshibhai Mohanbhai Bediya transferred 73,15,288 equity shares to investor Riyaz Suterwala through a secondary sale.

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