Announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 7,23,875 Equity…
As filed · Tamrock Great Britain Holdings Limited has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 7,23,875 Equity shares of face valu
What happened
FactTamrock Great Britain Holdings Limited has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 7,23,875 Equity shares of face value of INR 10/- each of Eimco Elecon (India) Limited. Framework on “Offer for Sale of Shares (OFS) through the Stock Exchange Mechanism”, (“SEBI OFS. Circular”), read with (a) “Revised Operational Guidelines for Offer for Sale (OFS) Segment” issued by.
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; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%