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I.P.O. / Offerings | 19 November 2012

Promoters Of Disa India To Cut Stake Through OFS

by Sushil Surana
 
@Hemant_Kaul
@Disa_India will offload around 11.45% of its equity or 1.73 lakh shares in the company to meet the minimum public shareholding norm of 25% by SEBI.

Promoter holding in the company stands at 86.49% currently and the sale will be done through Disa Holding A/S on November 20.

Indsur Group Acquires British Firm - Nevron Eurotherm Insulation

Auto component maker Indsur Group acquired Nevron Eurotherm Insulation Ltd., provider of insulation and metal cladding solutions.

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La Opala To Raise Funds From WestBridge

La Opala RG Limited is raising INR 552.7 Mn by issuing 5,02,468 Equity Shares at a unit price of INR 1,100 on preferential basis to WestBridge Crossover Fund, LLC. Post the issue which is pending for shareholder consent, Westbridge will hold 4.53% stake in the company.

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