GMM Pfaudler hits 10% lower circuit for second straight session on share sale
Updated : September 23, 2020 12:50 PM IST
The stock was trading 10 percent lower at Rs 4,245 per share on BSE.
The offer price for the share sale has been set at Rs 3,500, which is at a nearly 30 percent discount to Monday's market price.
The base offer is for 25.71 lakh shares (17.59 percent), with an oversubscription option of 15.22 lakh shares (10.41 percent).