 "Wabco India slips 10% as promoter stake sale via OFS begins")
Shares of Wabco India slumped 10 per cent to Rs 5,510 on the BSE in the intra-day trade on Thursday after the promoter's two days stake sale through offer-for-sale (OFS) route began today.
The floor price has been fixed at Rs 5,450 a share, an 11 per cent discount to Wednesday's closing price of Rs 6,102 apiece on the BSE. The issue opened on Thursday for non-retail investors and will open on Friday for retail investors.
As per the stake sale plan, the promoter ZF International UK will offload 18.10 per cent stake (Base Issue: 9.05 per cent
The floor price has been fixed at Rs 5,450 a share, an 11 per cent discount to Wednesday's closing price of Rs 6,102 apiece on the BSE. The issue opened on Thursday for non-retail investors and will open on Friday for retail investors.
As per the stake sale plan, the promoter ZF International UK will offload 18.10 per cent stake (Base Issue: 9.05 per cent
