Eimco Elecon (India) Ltd. has announced that its promoter group entity, Tamrock Great Britain Holdings, will exercise an oversubscription option in its ongoing Offer for Sale (OFS), potentially leading to a complete exit from the company.
Tamrock, which held a 24.68% stake in the mining and construction equipment manufacturer as of June 2025, has put 7.23 lakh shares (around 12.55% of its holding) on the block as the base offer. In addition, the promoter is offering an oversubscription option of up to 7 lakh shares, representing a further 12.14% stake.
If fully subscribed, Tamrock’s divestment would amount to its entire 24.68% holding, marking a full exit from Eimco Elecon.
The OFS opened for non-retail investors on September 24, with the window for retail investors scheduled on September 25.
This development comes after Tamrock had earlier indicated plans to pare down its holding, as part of its broader portfolio restructuring.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.