MUMBAI: The institutional portion of
Federal-Mogul Goetze India
offer for sale (
OFS) was subscribed 3.95 times on Monday.
Promoter IEH FMGI Holdings LLC is selling 55.4 lakh shares of the company representing 9.95 per cent stakes with a green shoe option of another 9.95 per cent shares.
The OFS will open for retail investors on Tuesday.
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