(Formerly known as Reliance Naval and Engineering Limited). received from Hazel Infra Limited, Promoters of…
As filed · General Updates
Special SituationWatchMajormateriality 78 out of 100
What happened
Fact(Formerly known as Reliance Naval and Engineering Limited). received from Hazel Infra Limited, Promoters of the Company relating to the Offer. 5.01% of the total paid up share capital of the Company.
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.
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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; +2 corroborating keywords; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%