State-run Shipping Corporation of India has fixed the indicative price band for its follow-on share sale at 135 rupees to 140 rupees a share, two sources with direct knowledge of the situation said on Friday.
The issue, which opens on Tuesday and closes on Dec. 3, will offer a 5 percent discount to retail investors on the final share sale price, said the sources.
The government will sell a 10 percent stake in the shipping services firm and the company will issue another 10 percent of fresh equity.
The issue, which opens on Tuesday and closes on Dec. 3, will offer a 5 percent discount to retail investors on the final share sale price, said the sources.
The government will sell a 10 percent stake in the shipping services firm and the company will issue another 10 percent of fresh equity.