Oberoi Realty top loser
By
Research Desk
about 11 years ago
Oberoi Realty is currently the top loser on the BSE, currently down almost 2% at Rs.164, closer to its intra day high and recovered from the day’s low at Rs.162.75.
The stock is down as market is disappointed with the floor price of Rs.158/share, much below the market price. The promoters are selling 3.5% stake or 1.14 crore shares to meet shareholder’s minimum public holding requirement. Till end of Q1FY14, promoters held 78.5% and through this offer for sale, the company is expected to raise Rs.180 crore.