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Here's an analysis on the rise and fall of GMM Pfaudler stock

Updated : September 22, 2020 11:17 PM IST

GMM Pfaudler shares remained under-pressure, hitting a lower circuit of 10 percent on September 22, after promoters said they will sell nearly 26 lakh shares worth Rs 1,433 crore at a nearly 30 percent discount (Rs 3,500) 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). The OFS will be available for non-retail investors on September 22 and for retail investors on September 23. CNBC-TV18's Nimesh Shah analyses the rise and fall of the GMM Pfaudler stock.

Watch the video for more.
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