Bajaj Corp’s promoters have put on
block 1.44 crore shares, or 9.75% equity stake, via offer-for-sale (OFS), to
bring down their ownership to around 75% to meet public shareholding rules. The
company has set the OFS price at Rs 200/ per shares, which is at a discount of
18.16% from its previous close of Rs 244.40 (Closing price as on July 18 on
BSE). The Sale shall take place on the separate window of Stock Exchanges and
commences on July 19, 2013. 0731-664-2300
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