INEOS Styrolution dips 16%, hits 52-wk low as promoter lowers stake via OFS

Shares of INEOS Styrolution India tanked 16 per cent to hit a 52-week low of Rs 907 on the BSE in Tuesday’s intra-day trade as the promoter today launched an offer for sale (OFS) to offload up to a 14.4 per cent stake in the company. The company fixed the offer price at Rs 800 per share.

At 10:51 am; the stock was down 15 per cent at Rs 918, as compared to 0.03 per cent decline in the S&P BSE Sensex. It had hit a 52-week high of Rs 1,887 on October 18, 2021.

The promoter INEOS