PG Electroplast block deal tomorrow: Promoter to sell 5% stake worth Rs 1,177 crore
By News Desk Published on May 26, 2025, 20:27 IST
PG Electroplast Ltd is set to witness a major block deal on May 27, 2025, as the company's promoter is expected to offload over 5% stake in the firm. The total deal size is pegged at ₹1,177 crore, with the floor price set at ₹740 per share, representing a 4.4% discount to the current market price.
As of 3:30 PM IST on May 26, the stock closed at ₹773.95, marginally down 0.06%, after trading in a volatile range between ₹755 and ₹780.95 during the session. The stock had opened at ₹777.85 and saw renewed buying interest toward the close, as news of the block deal circulated in the market.
At a market capitalization of ₹21,930 crore and a P/E ratio of 73.36, PG Electroplast remains a key player in the electronics manufacturing space. The block deal is expected to improve liquidity and broaden institutional holding in the stock.
Further details, including buyer names and transaction execution, will be closely tracked when the block window opens on Tuesday.
Disclaimer: This article is for informational purposes only. Business Upturn does not provide any investment advice or stock recommendations. Investors are advised to consult a qualified financial advisor before making any investment decisions.
News desk at BusinessUpturn.com
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Enrique Martinez, Chief Executive Officer of Fnac Darty, said: 'Building on the success of the plan Everyday, which is nearing its conclusion, I am very proud to be unveiling today our new plan Beyond everyday, which will sustainably strengthen our leadership in our markets and set new standards for a commerce that matters. This plan will allow us to expand and broaden our service model in Europe, with circularity at the core, to make ourselves the benchmark for customer experience at all touchpoints, to go beyond the traditional borders of retail by deploying our services on a large scale for third-party partners. We will rely on the extraordinary commitment of our teams, who work every day to ensure our mission is meaningful. Beyond everyday sets us on an ambitious course for 2030 to accelerate the deployment of our model with a commitment to generating positive impacts for our customers and partners, driving momentum across our entire industry, and promising sustainable value creation for our shareholders.' Becoming the benchmark player in high-value-added products, and accelerating the rollout of subscription-based home services with circularity at the core Fnac Darty aims to drive growth toward premium, innovative and sustainable products by extending their life spans through services, while maintaining its carbon footprint reduction commitments. 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