Seventh CPSE Disinvestment of the Fiscal Year 2015-16: CONCOR (Non-Retail Basket) OFS gets Oversubscribed 2 Times; Highlight of the issue was the encouraging FIIs participation of ? 373.41 crore which works-out to be 40% of the Non-Retail Basket

Seventh CPSE Disinvestment of the Fiscal Year 2015-16: CONCOR (Non-Retail Basket) OFS gets Oversubscribed 2 Times; Highlight of the issue was the encouraging FIIs participation of ? 373.41 crore which works-out to be 40% of the Non-Retail Basket https://www.taxtmi.com/news?id=15861 Staged Offer For Sale procedure: non-retail investors bid on T day for the principal non-retail portion while retail investors bid on T+1 for the reserved portion and receive a 5% discount if eligible; retail bidders may place price or cut-off bids informed by T-day price discovery. Unsubscribed retail shares are allocable to non-retail bidders on T+1 at the cut-off price or higher if non-retail bidders elect to carry forward their bids, keeping the OFS open for two days. en-us Thu, 10 Mar 2016 09:38:48 +0530 Thu, 10 Mar 2016 09:38:48 +0530 TaxTMI RSS Generator Seventh CPSE Disinvestment of the Fiscal Year 2015-16: CONCOR (Non-Retail Basket) OFS gets Oversubscribed 2 Times; Highlight of the issue was the encouraging FIIs participation of ? 373.41 crore which works-out to be 40% of the Non-Retail Basket https://www.taxtmi.com/news?id=15861 Staged Offer For Sale procedure: non-retail investors bid on T day for the principal non-retail portion while retail investors bid on T+1 for the reserved portion and receive a 5% discount if eligible; retail bidders may place price or cut-off bids informed by T-day price discovery. Unsubscribed retail shares are allocable to non-retail bidders on T+1 at the cut-off price or higher if non-retail bidders elect to carry forward their bids, keeping the OFS open for two days. News - Thu, 10 Mar 2016 09:38:48 +0530 https://www.taxtmi.com/news?id=15861