BSE-listed NBFC with ₹30 cr m-cap applies for ₹748.5 cr LG shares
Winro Commercial, a BSE-listed firm with a market capitalisation of ₹30 crore, has placed bids for LG Electronics India's ₹748.5 crore shares. In a regulatory filing, the NBFC, whose shares haven't traded for 6.5 years, disclosed it participated as a financial investor in IPO. Market players said such disproportionate bidding when compared to a bidder's financials should always alert investors.