Bajaj Corp falls ahead of promoter share sale

Last Updated: Fri, Jul 19, 2013 06:34 hrs
An investor watches the share index at a local share and stock market in the northern Indian city of Chandigarh

Shares in Bajaj Corp down 0.8 percent after earlier falling as much as 10.8 percent as its promoters set the floor price for a planned share sale of 14.4 million shares at 200 rupees a piece.

The company's promoters are planning to sell a 9.75 percent stake in an offer-for-sale to bring down their ownership to around 75 percent to meet public shareholding rules.

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