Bajaj Corp falls ahead of promoter share sale

Last Updated: Fri, Jul 19, 2013 06:34 hrs

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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