Its intention to exercise over-subscription option for 5,26,32,00
As filed · The President of India, acting through and represented by the Ministry of Finance, Government of India has informed the Exchange about its intention to exercise over-subscription option for 5,26,32,00
Special SituationWatchNotablemateriality 68 out of 100
What happened
FactThe President of India, acting through and represented by the Ministry of Finance, Government of India has informed the Exchange about its intention to exercise over-subscription option for 5,26,32,000 equity shares.
Why it matters
CapitSignal interpretationAn offer for sale places existing shares into the market, so the register changes and the price is set by the floor rather than the screen.
Watch next
Fact- Floor price versus market price
- Seller stake before and after
- Subscription across the two sessions
Evidence
How CapitSignal classified this
- Reasoning:
- OFS base 68; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%