Story of a multinational company....sebi ruined the company in last 2 year...just because of promotors holding 95%..
1 company did try OFS 2 times to bring share holding to 75% stock has fallen from Rs 660 to Rs 250.
2.Valuations of this MNC Company are extremely attractive.
3.even after reducing stake by 20%, these MNC company promoters will be holding 75%
4.this time response for the OFS is extremely strong. All funds are finding valuations attractive at current levels. Institutional Investors book was subscribed 4 times yesterday.
5. Financials of the company are extremely strong and they have good cash on their books. It is a debt free company and profitability of the company is strong.