Coral India promoter Navin Bachubhai Doshi proposes to sell up to 18,67,170 equity shares

The equity shares comprising 4.63% share capital of the company are sold by way of offer of sale on Thursday and Friday.

Jun 10, 2021 12:06 IST India Infoline News Service

Analysis Finance Market
Coral India Finance & Housing Limited promoter Navin Bachubhai Doshi, proposed to sell up to 18,67,170 equity shares of Coral India Finance & Housing, representing 4.63% share capital of the company by way of offer of sale on Thursday and Friday. The floor price for the offer shall be Rs35.

The company reported a net profit of Rs3.78cr in the quarter ended March 2021 as against a net loss of Rs1.36cr during the previous quarter ended March 2020. Sales reported to Rs5.96cr in the quarter ended March 2021 as against Rs -1.27cr during the previous quarter ended March 2020.

At around 12.20 PM, Coral India Finance & Housing Ltd was trading at Rs35.25 per piece down by Rs0.6 or 1.67% from its previous closing of Rs35.85 per piece on the BSE.

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