Grid Equipments to divest 8.38% stake in GE Vernova T&D through OFS

Q: How long will it take to read this news story?

The story "Grid Equipments to divest 8.38% stake in GE Vernova T&amp;D through OFS" has 468 words across 24 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Grid Equipments to divest 8.38% stake in GE Vernova T&amp;D through OFS" was covered 5 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 338 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23837355</li><li>URL: https://beamstart.com/news/grid-equipments-to-divest-838-17325513158476</li></ul>

Business Standard Logo Business Standard 5h ago

Grid Equipments to divest 8.38% stake in GE Vernova T&D through OFS - Business Standard

Quick Summary:

The sale will involve a base offer of 1.4 crore equity shares (5.47 per cent of paid-up equity) with an option to oversubscribe by an additional 74.51 lakh shares (a 2.91 per cent stake), collectively amounting to 2.14 crore shares, amounting to an 8.38 per cent with a face value of Rs 2 each.

Grid Equipments, the promoter of GE Vernova T&D India, on Monday said it will divest up to 8.38 per cent of its holding in the company through an offer for sale (OFS) mechanism.

On November 26, non-retail investors will have the opportunity to bid during trading hours, with the option to carry forward unallocated bids to the second day.