
Mahindra & Mahindra Financial Services Ltd :

Today morning NSE asked HDFC Bank for a clarification on an investment in a tech firm.
BSE soon followed also asking for a clarification
HDFC Bank’s reply was quite amusing.
Today, post market hours, Orchid Pharma Ltd made an announcement on the Stock Exchanges.
The astonishing thing is that the Floor Price is 375 Rs/share which is a 72% discount to today’s close price of 1320 Rs/share.
Wonder what is the pricing rationale here.