By kanchan joshi | 25 Mar, 2021
Wabco India plunges 10% as promoter begins stake sale via OFS
Mumbai: Shares of Wabco India Ltd slipped nearly 10% as the company's two-day stake sale through an offer for sale (OFS) began today. The floor price for the offer has been fixed at Rs5450 a share, an 11% discount to Wednesday's closing price of Rs6101.90.The stock touched a low of Rs5510 on the BSE on Thursday and declined as much as 9.7%. At 12.36pm, it was at Rs5605.85, down 8% from its previou...
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