The offer consists of a fresh issue of ₹200 crore and an offer for sale of up to 9,130,000 shares worth ₹337 crore by existing shareholders. Sunil Suresh and Shubha Sunil, promoters of Stanley, will sell 1.18 million shares each in the OFS portion of the IPO. Investor Oman India Joint Investment Fund II will also divest 5,545,000 shares in the IPO.
Positive Breakout: These 3 stocks cross above their 200 DMAs
In the NSE large cap pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on April 3, according to stockedge.com’s technical