Floor Price Of A Share

The company may offer a discount of not more than 5 on the floor price so calculated for the issue qip the filing read.

Floor price of a share. At its meeting held on wednesday the securities issuance committee of the board approved a qualified institutional placement of shares at a floor price of rs 206 70 apiece according to an exchange filing. Minimum wage is an example of a wage floor and functions as a minimum price per hour that a worker must be paid as determined by federal and state governments. The lowest preconceived price that a seller will accept. The lender made the announcement post market hours.

If a stock price reaches resistance and trades down on higher volume it is likely that it will decline to test the support or floor. The floor price at which vedanta s promoters are trying to buy out the public shareholders was set at rs 87 25 per share meanwhile the book value is determined at rs 89 38 per share based on. Nounthe lowest price a price which cannot go any lower. Support is the dollar price where there is more demand.

The private sector lender has fixed a floor price of qip at rs 351 36 per share. Floors in wages. Earlier shares of bank closed 1 61 per cent higher at rs 363 60 while the benchmark bse sensex settled 14 51 points or 0 37 per cent higher at 38 182.