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DB Corp Ltd Offer For Share Sale Oversubscribed-Business Standard


Friday, 9 Nov 2012 09:18am EST 

Business Standard reported that The sale of 1.19 crore shares of media firm DB Corp by promoters was oversubscribed as the offer received bids for 2.11 crore shares, data available on BSE showed. The promoters of the Company are Jyoti Agarwal and Ramesh Chandra Agarwal. The floor price for the sale is INR205 per share, which is a discount of nearly 2% to closing price of INR208.50. Based on the minimum bidding price, the sale of 1.19 crore shares would fetch atleast over INR244 crore (INR2.44 billion) to the seller(s). According to the Company filing with BSE, the allocation shall be made on the price priority basis at a multiple clearing price. 

Company Quote

316.15
-3.25 -1.02%
22 Aug 2014