The share sale by promoters in Wabco India saw 3x the demand as compared to the number of shares on offer, with Reliance Industries-led Den Networks and Hathway Cable seeing subscription of 1.06x and 0.4x, respectively. All three offers for sale (OFS) were launched by promoters who intend to comply with the 25 per cent minimum public shareholding norms.
At present, the promoter holding in all three companies is far in access of 75 per cent — the maximum threshold permitted. Wabco’s OFS closed on Friday, while those of Den and Hathway will close on ...
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