The offer for sale (OFS) in Wabco India saw 1.8 times more demand than shares on offer. A total of 650,000 shares were put on block by promoter ZF International UK. Institutional investors bid for 1.16 million shares. Most bids came in at Rs 6,695. Shares of Wabco India closed at Rs 6,897, down 0.8 per cent over the previous day’s close in secondary market trading. The share sale was to comply with the 25 per cent minimum public shareholding norms. Prior to the share sale, the promoter holding in Wabco stood at 80.43 per cent. After the OFS ,
Wabco OFS subscribed 1.8 times, India pesticides fully subscribed
Shyam Metallics, Sona to list on Thursday
 "Wabco")
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The stock is unlikely to correct sharply as it is supported by the open offer price. (Soiurce: Wabco)
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