MoneyWorks4Me

Swaraj Automotives’ promoter to sell stake

15 Dec 2016 Evaluate

Swaraj Automotives’ sole promoter 4S Solutions has proposed to sell 3.18 lakh equity shares, representing 13.28 per cent of its share capital in the company, through an offer-for-sale window on the BSE. The company fixed the floor price at Rs 150 a share.

Non-retail Investors will be allowed to place their bids on December 15; retail investors and non-retail investors who choose to carry forward their bids can place their orders on December 16.

Peers
Company Name CMP
SamvardhanaMotherson 157.50
Tube Investments 2338.60
Bosch 45599.85
UNO Minda 1115.00
Bombay Burmah Trdg. 1334.15
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