Dishman Carbogen drops 2% as promoter Adimans Tech begins offer for sale to offload 8.8% stake

A floor price of Rs145.70 per equity share is set on this OFS. This is at a discount compared to the current market price.

Dec 18, 2020 03:12 IST India Infoline News Service

Dishman Pharmaceuticals
Dishman Carbogen Amcis stock was under pressure as promoter Adimans Technologies LLP has commenced offer for sale (OFS) today, to offload 8.8% stake held in the company.

The OFS base size involves 68,98,457 equity shares representing 4.40% stake in the company. However, the promoter also has an option to exercise "oversubscription option" with additional 4.40% stake sale representing 68,98,457 equity shares.

Overall, the promoter seeks to offload 8.80% stake in the company through OFS.

The promoter will intimate about its decision to carry oversubscription option to the company and accordingly to stock exchanges by today 5.00 pm.

On Friday, only non-retail investors will be allowed to subscribe to this OFS. The company will continue the OFS directly on December 21, for retail investors and non-retail investors who chose to carry forward their unallotted bids.

A floor price of Rs145.70 per equity share is set on this OFS. This is at a discount compared to the current market price.

At around 3.16 pm, Dishman was trading at Rs151.90 per piece down 1.94% on Sensex. 

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