GMM Pfaudler shares sink 18% today. Here’s why
Shares of GMM Pfaudler plummeted 18 per cent in Friday’s trade amid a media report that suggested promoter Pfaudler Inc was looking to sell a majority stake in GMM Pfaudler for Rs 2,278 crore in block deal today. As per Mint, Pfaudler Inc was looking to sell to 1.34 crore shares of the company, representing…