BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
ZF International UK i.e. the principal shareholder (promoter group) of Wabco India Ltd. proposes to sell up to 34.34 lakh shares or 18.1% stake (including green-shoe option) in Wabco India to comply with minimum public shareholding norms.
The promoter group intend is to reduce its stake in the company from 93.1% to 75% post offer-for-sale (OFS).
It has set a floor price of Rs 5,450 per share in the proposed OFS with allocation in OFS on price priority basis. The minimum issue size thus stands at Rs1,872 crore.
The offer will open on March 25, 2021 for non-retail category and on March 26, 2021 for retail category -with a minimum of 10% of the shares being reserved for retail category.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR