Disa Holding has come out with an offer to sell 1.73 lakh shares of face value of Rs. 10 each held in Disa India, representing 11.49 per cent of the total paid-capital.
This will be done through a separate window of the Bombay Stock Exchange on November 20, according to a notification on the Bombay Stock Exchange.
The shares of Disa India closed at Rs. 2,712 on Friday.
Disa India Ltd.(formerly George Fisher Disa), part of Cophenhagen-based Disa A/S Group, is engaged in the production of foundry machinery. The production facility of its foundry machinery division is at Tumkur and clean air division at Hosakote, Karnataka.
The company was incorporated in 1984 as BMD Industries with technical and financial participation from two German firms — BMD, Vulcan Laval — and KSIIDC. Internationally, Disa A/S has acquired the 50 per cent stake of George Fisher in the former joint venture company, George Fisher Disa, thus making the Disa A/S the sole owner of George Fisher Disa in 2000.