As many as 6 lakh shares or 3.17% of the overall equity changed hands in the block deal, according to data available on the exchanges.
Shares changed hands at an average price of ₹13,191 per share. The total transaction value is said to be ₹792 crore.
CNBC-TV18 had reported that promoters of ZF Commercial intend to sell 3.13% stake in the company through block deals. The deal size stood at ₹720 crore.
The offer price was said to be ₹12,000, which was a discount of up to 10% from Thursday’s closing price.
Buyers and sellers in the transaction is not known officially.
As of the March-end quarter, promoters of ZF Commercial had a 63.16% stake in the company.
Shares of ZF Commercial Vehicle Control Systems India ended 0.93% lower on Thursday at ₹13,377.
