OCL Iron and Steel’s promoters sold a stake of 51 per cent (or 67.92 million shares) in the company, valued at Rs 142.65 crore.
As per BSE data, Garima Buildprop purchased the shares, and Raghu Hari Dalmia, vice-chairman of OCL Iron and Steel and R H Dalmia Trust were the sellers. However, there will not be any open offer as the buyer had already made an open offer.
Garima Buildprop, along with Gateway Impex which made open offer for acquiring 26.8 million equity shares (or 20 per cent of equity) of the company, had acquired 20.6 million shares, representing 15.4 per cent equity share capital of the company at a price of Rs 21 per share. Today’s deal was also struck at Rs 21.
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