Comments
The offer-for-sale from InterGlobe Aviation and Multibase opens for subscription on Wednesday (for non-retail investors) and on Thursday (for retail investors). Promoters of InterGlobe Aviation (owners of IndiGo) will sell 1.11 crore shares and the floor price is fixed at ₹1,130 a share. BSE-listed Multibase’s promoter will sell 800 shares at a floor price of ₹530. The stake-sale by the promoters aims at meeting SEBI’s minimum public shareholding norm of 25 per cent in listed companies.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.