Up to 4 percent of company’s total equity could be sold at a price range of Rs 63-72.70 per share by two seller entities – IRB Holding Pvt Ltd and Deepali Virendra Mhaiskar.
A block of shares in IRB Infrastructure are likely to be sold on May 30 at a price that is up to 13.3% discount to the last closing price, according to CNBC-TV18.
Sources told the channel that up to 4 percent of company’s total equity could be sold at a price range of Rs 63-72.70 per share by two seller entities – IRB Holding Pvt Ltd and Deepali Virendra Mhaiskar. At the lower end of the price band, the offer size is estimated to be Rs 1,512 crore with a lock in of up to 180 days on further share sale by seller entities.
Jefferies and CLSA India are reported to be the brokers of the block trade.
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