OFS: Adani Ent, Novartis, Essar Ports oversubscribed

Moneycontrol Bureau

Nine companies are offloading shares today via offer-for-sale (OFS). As per market regulator Securities and Exchange Board of India's (Sebi) minimum public shareholding norms, all private sector listed companies need to have at least 25 percent public shareholding and promoters have been asked to lower their stake to 75 percent or below by June, 2013.
Here is an update of the OFS till 3.30 pm: Adani Enterprise
Gets bids for 1.61 crore shares vs issue of 1.6 crore
Indicative price at Rs 228.23 per share vs floor price of Rs 227 per share Essar Ports
Gets bids for 2.03 crore shares vs issue of 2.26 crore shares
Indicative price at Rs 80.89 per share vs floor price of Rs 77 per share Essar Shipping
Gets bids for 1.96 crore shares vs issue of Rs 1.78 crore
Indicative price at Rs 19.57 per share vs floor price of Rs 19.50 per share Jet Airways
Gets bids for 29.86 lakh shares vs issue of 43.17 lakh
Indicative price at Rs 515.17 per share vs floor price of Rs 510 per share Novartis
Gets bids for 33.01 lakh shares vs issue of 4.5 lakh
Indicative price at Rs 495.80 per share vs floor price of Rs 375 per share Tata Teleservices (Maharashtra) Ltd
Gets bids for 68771 shares vs issue of 3.5 crore
Indicative price at Rs 7.65 per share vs floor price of Rs 7.6 per share Saint-Gobain Sekurit India Ltd
Gets bids for 3.05 cr shares vs issue of 98.09 lakh
Indicative price at Rs 12.23 per share vs floor price of Rs 10 per share