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What is the story about?
Shares of Eimco Elecon (India) Ltd. slumped 15% in Wednesday's trade, September 24, after promoter group entity Tamrock Great Britain Holdings announced a stake sale through the Offer for Sale (OFS) route.
Tamrock, which held a 24.68% stake in the company as of June 2025 and had earlier signalled the possibility of a divestment, is offering 7.23 lakh shares, or 12.55% of its holding, as the base offer.
An additional 7 lakh shares, representing 12.14%, may be sold through the oversubscription option. If the entire oversubscription is exercised, Tamrock will exit its investment in the company completely.
The OFS opened for non-retail investors on September 24 and will be available to retail investors on September 25.
The floor price has been set at ₹1,400 per share, which is at a steep 31% discount to the stock's closing price a day earlier.
Tamrock, which held a 24.68% stake in the company as of June 2025 and had earlier signalled the possibility of a divestment, is offering 7.23 lakh shares, or 12.55% of its holding, as the base offer.
An additional 7 lakh shares, representing 12.14%, may be sold through the oversubscription option. If the entire oversubscription is exercised, Tamrock will exit its investment in the company completely.
The OFS opened for non-retail investors on September 24 and will be available to retail investors on September 25.
The floor price has been set at ₹1,400 per share, which is at a steep 31% discount to the stock's closing price a day earlier.
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