** Wendt India WNDT.NS plunges 17% to 8,689 rupees; set for steepest intraday pct drop since January 2008
** Parent Wendt Gmbh to sell 37.5% stake in WNDT on May 15 and May 16 at floor price of 6,500 rupees, a 38% discount to Wednesday's close
** Stock on track to snap three-session gaining streak
** WNDT extends YTD losses to 48%
(Reporting by Kashish Tandon in Bengaluru)
((Kashish.tandon@thomsonreuters.com))
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