Tamil Nadu : Gillette India on Tuesday fixed the floor price at Rs 1,650 for the offer-for-sale (OFS) through which the Poddar group plans to dilute 8.77 per cent stake in the company. The floor price is at a 15 per cent discount to the stock’s closing price of Rs 1,959 on Tuesday on the BSE. At the floor price, Poddars would get about Rs 470 crore.Gillette India’s promoters would sell 28.57 lakh shares of the total paid-up equity share capital of the company through the OFS on Wednesday, the company said in a regulatory filing to the stock exchanges.

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