Dishman Carbogen promoters are likely to sell close to 8.8 percent stake via an offer-for-sale (OFS). The base book is for 4.4 percent and there is a greenshoe option for the other 4.4 percent.
The OFS is at a floor price of Rs 145, which is at a 4-5 percent discount to Thursday's closing price.
The promoters are looking to raise Rs 201 crore via the stake sale and currently hold 63.21 percent stake.
The company's stock as of 2:00 pm is trading 2.4 percent in the negative at Rs 151.40 per share.
CNBC-TV18’s Nimesh Shah has more details.