Wabco India promoters offer of sale for 6.5 lakh shares oversubscribed on Day 1

The Offer of Sale will continue today for Retail Investors and Non Retail Investors.

Jun 24, 2021 09:06 IST India Infoline News Service

Wabco India
WABCO India Limited promoter ZF International UK offer for sale (OFS) saw more demand than shares on offer during the first day on Wednesday in the 2-day offer for non-retail investors. A total of 6.5 lakh shares representing 3.43% of the total issued and paid-up Equity Share capital of the company, were put on the block by promoter ZF International UK.

Auto components maker Wabco India seller had on June 22 proposed to sell 5 lakh equity shares of a face value of Rs5 each representing 2.64% of the total issued and paid-up equity share capital of the company.

The company then used the Oversubscription Option in the Offer to the extent of 150,000 Equity Shares (representing 0.79% of the total issued and paid-up Equity Share capital of the Company).

The Offer of Sale will continue today for Retail Investors and Non Retail Investors who choose to carry forward their un-allotted bid.

Ata round 9.45 AM, WABCO India Ltd was trading at Rs6,908 per piece up by Rs11.35 or 0.16% from its previous closing of Rs6,896.65 per piece on the BSE.

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