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The offer-for-sale by Embassy Property Developments Pvt Ltd and Jitendra Mohandas Virwani, promoters of Mac Charles (India), opens on Wednesday for non-retail investors and on Thursday for retail investors. The plan is to sell 8,72,900 shares. Non-retail investors can indicate their willingness to carry forward their bids on Thursday. The floor price is ₹340/share. The move is aimed at reducing promoters’ stake to meet public shareholding norm.
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