The federal government will divest 7 per cent fairness together with Inexperienced Shoe choice of two per cent.
The Rs 2,000 crore OFS will open for institutional buyers on Thursday and for retail buyers on Monday
The federal government will promote as much as a 7 per cent stake in NLC India at a ground worth of Rs 212 per share in a two-day supply on the market starting Thursday. The Rs 2,000 crore OFS will open for institutional buyers on Thursday and for retail buyers on Monday. Friday is a market vacation on account of Maha Shivratri.
“Provide on the market in NLC India Restricted opens tomorrow for non-retail buyers. Retail buyers can bid on Monday, eleventh March. The federal government will divest 7 per cent fairness together with Inexperienced Shoe choice of two per cent,” DIPAM Secretary Tuhin Kanta Pandey stated on X. The federal government is promoting over 9.7 crore shares at a ground worth of Rs 212 apiece. If absolutely subscribed, together with the inexperienced shoe choice, the share sale would fetch about Rs 2,000 crore to the exchequer.
The ground worth is at a reduction of about 6.5 per cent over Wednesday’s closing share worth of NLC on the BSE. Shares of NLC closed at Rs 226.70, up 0.31 per cent over the earlier shut on BSE.
Up to now within the Present fiscal, the federal government has realised Rs 12,609 crore by minority stake gross sales in CPSEs.
