Shares of Megatherm Induction listed with a massive premium of 108% earlier this week. Post the debut, the stock jumped further and is currently trading at Rs 252 apiece, up nearly 133% over the issue price.
These warrants may be exercised in one or more tranches within 18 months from the date of allotment of the warrants. Subscribers need to pay 35 percent of the issue price now while the rest can be paid 18 months from the date of allotment.
The celebrity investor reduced his stake in Safari Industries in the September-ended quarter to 2.1% from 2.29% in the April-June period. On Monday, the stock today fell over 1% to the days low of Rs 4,202.70 on the NSE. It has fallen over 6% in the last five trading sessions.