E.I.D.- Parry (India) Limited (BSE:500125), promoter of Coromandel International Limited (NSEI:COROMANDEL), is looking to sell up to 2% stake or 58.5 lakh shares of the fertiliser and chemicals company through open market on December 30, 2020 to raise upto INR 4.83 billion, according to a term sheet issued by Kotak Securities. The sale price has been fixed at INR 800-825 per share, a discount of 3.2-6.1% on December 30, 2020 's closing price of INR 851.95. Shares on sale are locked for 90 days and allocation of shares to foreign portfolio investors is subject to the headroom available as per the investment limits under the applicable laws, according to the term sheet.