Gillette India, on Tuesday, said its promoters would sell shares at Rs.1,650 a share, a move that would help them rake in over Rs.470 crore if the offer for sale (OFS) is successful. The floor price is at an over 15 per cent discount over the Tuesday’s closing price of Rs.1,959.55 a share.
The OFS shall take place on a separate window of the exchanges. It will commence on Wednesday at 0915 hrs and close on the same day at 1530 hrs. — PTI