Pfaudler sells 13.56% stake in GMM Pfaudler
equity fund DBAG Fund VI. “Our 8-year-long association with GMM Pfaudler has been defined by shared values, strategic alignment, and an unwavering commitment to growth. We are immensely proud of what we have achieved together.
We wish GMM Pfaudler all the best for the future," said Tom Alzin, spokesperson of the board of management of DBAG. About 9.90% of equity share capital, representing 44,50,765 equity shares, has been bought by Geranium Investments Ltd., Atreides Investments B.V., and Infinity Partners - funds controlled by ChrysCapital. Geranium will hold 8.25% stake, of the 9.9% acquired, while Atreides will have a 0.92% of equity share capital.
Infinity will have the remaining 0.73% stake. A 3.7% equity stake in the company was purchased by other unnamed investors. “I want to express my gratitude to DBAG for their support and guidance over the years.
The end of one journey also marks the beginning of another exciting journey for GMM Pfaudler. The investment by a marquee investor like ChrysCapital represents a powerful endorsement of GMM Pfaudler’s track record and our commitment to building a world-class institution," said Tarak Patel, managing director, GMM Pfaudler. The Patel family remains the largest shareholder of the company, and has reiterated its commitment to purchase the remaining 1% equity stake from DBAG Fund VI at ₹1,700 apiece, as agreed in December 2022, subject to regulatory approvals, the company added.
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