MAZDOCK

- Government Plans for OFS

The Government of India plans to sell a 4.83% stake in

through an offer-for-sale (OFS) on April 4 and April 7. The offer consists of a base size of 2.83% and a greenshoe option of 2%, with a floor price set at Rs 2,525 per share. OFS Details Total Stake Offered: Up to 4.83% Base Issue Size: 2.83% Greenshoe Option: 2% Floor Price: Rs 2,525 per share Key Dates Offer Dates: April 4 and April 7 Implications for Investors Retail and Non-Retail Investors: The offer is open to both categories, providing an opportunity for investment in the company. Potential for Oversubscription: The greenshoe option allows for additional shares to be sold if demand exceeds expectations, potentially increasing the total stake sold.