Indostar Capital falls 5% after OFS is announced
The OFS opens today for non-retail investors and tomorrow for retail investors. Promoter Indostar Capital and Everstone Capital Partners II LLC plan to sell 19.34 million shares, or a 14.21 percent stake, at a floor price of Rs 95 a share, which is at a 22.8 percent discount to the closing price on May 2