IT service sector company Bartronics India has informed the stock market that the company's promoters are going to sell more than 6 percent stake through Offer for Sale. Along with this, the company has also shared important information related to floor price and OFS. Even amidst the sharp decline in the stock market today, the stock has seen a sharp rise. The stock has closed today with a gain of about 4 percent.

What information has been given about the offer?

In the information sent to the stock market, the company said that Kinex India Private ltd, formerly known as Antanium India pvt ltd, has proposed the sale of 1,91,575,19 shares with face value of one rupee each in the company through an offer for sale. This is equal to 6.29 percent stake in the company. According to the company, the dates for the offer for sale have been fixed as 14 and 15 January. The OFS for non-retail investors will open on 14 January and for retail investors, the OFS will open on 15 January. The company has kept the floor price at Rs 22 per share. The stock is currently at the level of 22.4. How was the performance of the stock? The stock closed at the level of 22.4 on Monday with a gain of 3.8 percent. The highest level of the stock for the year has been 28.67 which was recorded on 14 February last year. The stock's lowest level of the year is 15.65, which was recorded on August 16. The company's market cap is Rs 682 crore.