OFS needs price discovery to avoid MMTC type fiasco: AnalystTwo crore MMTC shares were put on the block since the OFS, but only 2.36 lakh shares have changed hands so far.The share traded at a little...
MMTC continues to hit lower circuit after OFSShares of MMTC hit lower circuit for second straight session after the government divested stake through offer-for-sale (OFS) at Rs 60 per ...
MMTC share sale subscribed 41%; stock down 10%The issue received bids for over 3.8 crore shares, or 41.25 per cent, of the 9.33 crore shares on offer at 1355 hours, according to data fr...
MMTC OFS commences at Rs 60/share; stock tanks 10%MMTC Ltd slipped 10 per cent in morning trade on Thursday as the company launched its one-day offer-for-sale (OFS) at a floor price of Rs 6...
MMTC stake sale: Floor price fixed at Rs 60/shareThere is a huge difference between the floor price and the market price of MMTC as the scrip is illiquid, an official in disinvestment depa...
Govt to sell 9.33% stake in MMTC tomorrow, may get Rs 300 crThe group of ministers on disinvestment today cleared 9.33 per cent stake sale in MMTC through offer for sale which may fetch the exchequer...
MMTC stake sale likely on June 13; EGoM may meet tomorrowThe panel of ministers on disinvestment is likely to meet tomorrow to decide on the base price for MMTC stake sale.
Disinvestment department floats cabinet note for stake sale in State Trading CorpThe department of disinvestment has floated a draft cabinet note for selling stake in State Trading Corp Ltd through the offer for sale
- Government defers decision on MMTC stake sale till July
The stake sale, which was originally slated to take place in March, was then deferred until the April-June quarter on valuation concerns.
MMTC stake sale offer likely to hit markets this monthThe DoD is planning to launch this month or early May the 9.33 per cent stake sale in MMTC, which could fetch around Rs 300 crore to the ex...
EGoM defers MMTC stake sale on valuation concernsThe bankers proposed a certain valuation which was not acceptable to the EGoM, so the MMTC issue was deferred.
MMTC hits 52-week low ahead of its OFS on ThursdayMMTC Ltd slipped nearly 5 per cent in early morning trade to hit its 52-week low of Rs 281.25 on Tuesday, ahead of its share sale.
- EGoM to decide on MMTC stake sale floor price tomorrow
An inter-ministerial panel is likely to decide tomorrow the floor price for 9.33 per cent stake sale in MMTC, which can fetch around Rs 300...
Shares of disinvestment candidates such as MMTC, Nalco, SAIL, and RCF trading at 52-week lowsShares of potential disinvestment candidates such as MMTC, Nalco, SAIL, and RCF are trading at 52-week lows, ahead of the govt's OFS of sha...
- MMTC stake sale on March 14; could fetch Rs 300 cr
DoD has shortlisted three investment bankers - Avendus, IDBI Capital Market Services and IDFC - to manage the stake sale of the PSU.
- Analysts find valuations attractive for NTPC OFS; recommend 'buy'
Govt is planning to offload 9.5 pc stake in NTPC. We have compiled views and recommendations on the offer for sale.
- MMTC to hold 'Festival of Gold' in Chandigarh on April 11
MMTC Limited under the Ministry of Commerce, Government of India is bringing its flagship event 'The Festival of Gold' for the first time h...