New Delhi, Sept. 23 -- Shares of Sedemac Mechatronics Ltd are likely to see activity on Thursday as investors look set to sell a stake in the company through a block deal.

According to sources cited by CNBC-TV18, up to 44.3 lakh shares, representing around 10% of the company's equity, could be sold in the transaction, with the deal expected to raise approximately Rs1,329 crore.

The floor price has been fixed at Rs.3,000 per share, representing a discount of up to 1.2% to Sedemac Mechatronics' prevailing market price, the report said.

The sellers are expected to include A91 Emerging Fund, Xponentia Opportunities Fund and HDFC Life Insurance Company, among others, the report showed.

(more to come)

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