{
GE Vernova T&D India Ltd

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}

ge vernova t and d india shares hit lower circuit on stake sale plan

Shares of GE Vernova T&D India fell to the lower circuit limit of 5% at Rs 1,823.50 after promoter Grid Equipments Private Ltd announced plans to sell up to 8.38% of its stake. The offer for sale includes a base of 1.4 crore equity shares, with a floor price set at Rs 1,550 per share.
Moneycontrol
GE Vernova T&D India Ltd IND
Finance & Economy, Market Report
05:22 26.11.2024

Grid Equipments to sell 8.38 percent stake in GE Vernova T&D

Grid Equipments is set to sell an 8.38% stake in GE Vernova T&D through an Offer For Sale (OFS) at a floor price of Rs 1,550 per share, with 1.40 crore shares offered and a green shoe option of 2.14 crore shares. The OFS opens on November 26, exclusively for non-retail investors, while 10% of the shares are reserved for retail investors. GE Vernova T&D reported a significant order book of Rs 4,680 crore, reflecting a 333% year-on-year increase.
Moneycontrol
United States Dollar Indian Rupee GE Vernova T&D India Ltd IND
Finance & Economy, Market Report
13:58 25.11.2024
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