ZF International UK has proposed to sell 3.8 lakh shares amounting to a 2.01% stake in Wabco India through an offer for sale (OFS) on August 25 and 26 to raise around Rs 262 crore.
The offer will open for non-retail investors on Wednesday, while retail investors can subscribe on Thursday. The floor price for the OFS has been fixed as Rs 6,900 per share and 10% of the issue has been reserved for retail investors. Wabco’s stock gained 3.65% on the BSE to close at Rs 7,171 on Tuesday.
Source: Economic Times