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The Offer includes a reservation of up to 70,000 Equity Shares for subscription by Eligible Employees of the Company (the “Employee Reservation Portion”).

Japan's Nikkei was down by 0.46 per cent and South Korea's Kospi lowered by 0.1 per cent and the Shanghai Composite fell by 0.18 per cent.

Both Sensex and Nifty were seen extending losses sometime ago. Sensex was trading 164 points below while Nifty went down the 11,900 mark.

Among stocks, Indiabulls Housing Finance gained nearly 4 per cent while UPL was up over 2 per cent. Eicher Motors, Yes Bank and State Bank of India also gained between 1.2 to 1.7 per cent