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    ZF International to sell 2.01% Wabco stake via OFS

    Synopsis

    The offer will open for non-retail investors on Wednesday, while retail investors can subscribe on Thursday. The floor price for the OFS has been fixed as Rs 6,900 per share and 10% of the issue has been reserved for retail investors. Wabco’s stock gained 3.65% on the BSE to close at Rs 7,171 on Tuesday.

    stakeAgencies
    ZF International UK has proposed to sell 3.8 lakh shares amounting to a 2.01% stake in Wabco India through an offer for sale (OFS) on August 25 and 26 to raise around Rs 262 crore.
    Mumbai: ZF International UK has proposed to sell 3.8 lakh shares amounting to a 2.01% stake in Wabco India through an offer for sale (OFS) on August 25 and 26 to raise around Rs 262 crore.

    The offer will open for non-retail investors on Wednesday, while retail investors can subscribe on Thursday. The floor price for the OFS has been fixed as Rs 6,900 per share and 10% of the issue has been reserved for retail investors. Wabco’s stock gained 3.65% on the BSE to close at Rs 7,171 on Tuesday.




    ( Originally published on Aug 24, 2021 )
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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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