Omaxe to dilute 15% stake via offer for sale1 min read . Updated: 06 May 2013, 07:18 PM IST
The company will lower promoter stake to comply with the minimum public shareholding norms
Mumbai: New Delhi-based real estate developer Omaxe Ltd will dilute equity to bring down the promoter shareholding to 75% to comply with minimum public shareholding norms, the company said in a statement on Monday. About 15% of equity will be diluted through an offer for sale (OFS) route, the company said.