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P Mukund, one of the promoters of Igarashi Motors India, plans to sell 33.2 lakh shares through offer-for-sale on Tuesday (for non-retail investors) and Wednesday (retail investors). The stake-sale, which represents 10.35 per cent stake of equity capital of the company, will take place in a separate window of the exchanges during trading hours. The seller has fixed the floor price for the offer at ₹650 a share. This OFS is to meet minimum public shareholding of 25 per cent.
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