GE T&D India has announced its decision to exercise the oversubscription option in its ongoing Offer for Sale (OFS). This will result in the total offer size increasing to up to 4 crore equity shares.
The Offer for Sale, which commenced on September 19, 2024, is open to non-retail investors initially, with retail investors gaining access on September 20, 2024.
As part of the revised offer, 40 lakh shares will be reserved for retail investors.
The company’s key sellers, Grid Equipments Private Limited and GE Grid Alliance B.V., had originally proposed to sell 1.82 crore and 1.18 crore equity shares, respectively, with the oversubscription option allowing for an additional 60.57 lakh and 39.43 lakh shares to be sold.
The total offer represents a significant portion of the company’s equity, giving investors an opportunity to participate in the equity allocation.
