The government announced an offer for sale (OFS) of a 7% stake at a floor price of Rs 79 per share.
The OFS for 14 crore shares opened for non-retail investors on 18.10.23.
Retail investors could bid on 19.10.23. i.e. tomorrow
The 7% share sale was expected to yield about Rs 1,000 crore for the government. The floor price fixed at a 12% discount from the previous day’s cmp 89.92.
cmp cracked 9% today but it is still above the fixed floor price, does it make sense to add up, for retail invester or its better to wait ?
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