STOCKWATCH

Promoter Purnima Desai Proposes to Sell 6.77% Stake in Aether Industries via OFS Mechanism

Purnima Desai, a promoter of Aether Industries Ltd, has proposed to sell 6.77% of the company's paid-up equity share capital through the stock exchange mechanism. The offer for sale (OFS) will take place on May 13, 2025, for non-retail investors, and on May 14, 2025, for retail investors and non-retail investors who choose to carry forward their un-allotted bids. The floor price for the OFS is set at INR 700 per equity share. The OFS is being undertaken to achieve the minimum public shareholding of the company as prescribed under securities regulations.

• Purnima Desai proposes to sell 6.77% stake in Aether Industries Ltd
• OFS to take place on May 13, 2025, for non-retail investors, and on May 14, 2025, for retail investors
• Floor price set at INR 700 per equity share
• OFS aimed at achieving minimum public shareholding of the company
• DAM Capital Advisors Limited appointed as the Sellers’ Broker