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Swaraj Automotives' offer-for-sale to close on November 22

Swaraj Automotives' (SAL) offer-for-sale to retail investors is closing November 22, 2017. The company's promoter -- b4S Solutions -- planned to sell 10,288 shares, representing 0.43 per cent of the equity capital of the company, on November 21 to non-retail investors and on November 22 to retail investors. The floor price for the offer is Rs 160. Non-retail investors, who can only revise their bids on November 22, have bid for 70,285 shares.

Swaraj Automotives is an emerging global manufacturer of Automotive Components, Seats and Agricultural Implements. SAL is a leading and preferred Supplier to the Indian Automotive Industry.

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