Timken India falls over 11% after promoter proposes to sell Rs 1,890 crore worth of shares
At 9:35 AM, Timken India’s stock was trading at Rs 3213.9 apiece, down 7.79 per cent. The stock is trading in the red for the second straight session. The scrip made its 52-week low on June 22, 2022, at Rs 2,245.10 apiece.
The stock slipped after promoters of Timken Singapore Pte Ltd, the parent company of Timken India, proposed to sell 0.63 crore shares through a block deal, image- Pixabay