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Business Other News 14 Feb 2020 Damanis to sell 2.3% ...

Damanis to sell 2.3% in Avenue for over Rs 3,000 crore

DECCAN CHRONICLE. | RAVI RANJAN PRASAD
Published Feb 14, 2020, 2:52 am IST
Updated Feb 14, 2020, 2:52 am IST
Avenue Supermart shares closed 2.31 per cent up at Rs 2,539.60 on the NSE on Thursday.
The OFS will fetch Radhakishan S. Damani , Gopikishan S. Damani, Shrikantadevi R. Damani and Kirandevi G. Damani more than Rs 3,000 crore at the floor price, fixed at Rs 2,049 per share.
 The OFS will fetch Radhakishan S. Damani , Gopikishan S. Damani, Shrikantadevi R. Damani and Kirandevi G. Damani more than Rs 3,000 crore at the floor price, fixed at Rs 2,049 per share.

MUMBAI: The promoters of Avenue Supermart that operates the DMart superstore chain would sell a 2.28 per cent in the stake company through an offer for sale on February 14 and 17.

The OFS will fetch Radhakishan S. Damani , Gopikishan S. Damani, Shrikantadevi R. Damani and Kirandevi G. Damani more than Rs 3,000 crore at the floor price, fixed at Rs 2,049 per share.

 

Avenue Supermart shares closed 2.31 per cent up at Rs 2,539.60 on the NSE on Thursday.

In a stock exchange filing, the company said the OFS would be for sale of up to 1,48,00,000 equity shares and date of the opening of the offer for non-retail investors is February 14 and and for retail investors, February 17.

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