Wabco India - A Quality Franchise: ICICI Direct 
A production associate adds parts to the rear suspension of a vehicle during production. (Photographer: Ty Wright/Bloomberg)

Wabco India - A Quality Franchise: ICICI Direct 


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:

ICICI Direct Wabco India Company Update.pdf


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