ZF Commercial Vehicle Shares Surge 5% on Rs 792 Crore Block Deal

ZF Commercial Vehicle Control Systems India Ltd. witnessed a 5.3% surge in its share price, reaching Rs 14,030 on the NSE at 9:16 AM IST. This followed a significant block deal involving shares worth Rs 792 crore. Reports indicate that promoter WABCO, holding a 63.16% stake as of March 2025, likely divested a 3.13% stake to raise approximately Rs 720 crore. The block deal was executed at a floor price of Rs 12,000 per share, a 10% discount to the previous session’s closing price of Rs 13,377, though the actual transaction occurred at a 1% discount to Rs 13,323. Citi managed the deal, marking another strategic move by the promoters. In the prior session, the stock had dipped 0.9%.