Analysts positive on NMDC’s Offer for Sale, stock can give 15-20%The government is selling up to 7.5% stake in NMDC. The issue will invite bids exclusively from retail investors on July 7. “NMDC’s OFS pri...
Govt to get about Rs 3,700 cr from NMDC OFSThe government is selling over 21.95 crore shares or 7.49 per cent stake in state-owned miner NMDC at a floor price of Rs 165 a piece.
Govt eyes over Rs 3,600 cr by divesting 7% in NMDCThe government is planning to raise over Rs 3,600 crore by offloading nearly 22 crore shares or about 7.5% in NMDC through an offer for sal...
Govt to sell up to 7.49% equity in NMDC Ltd through OFSThe proceeds from the sale will take the government towards the target of Rs 1.75 lakh crore set for FY22.
Retail investors over-subscribe NMDC; government to get Rs 1,200 croreBased on the response from institutional buyers, the government kept the issue size at 2.52 per cent.
NMDC stake sale: Institutional buyers' portion over-subscribedInstitutional investors bid for 6.36 crore shares, representing 1.68 times of shares reserved for them.
NMDC drops 4% as OFS' floor price set at 5% discountThe government will divest 1.5% stake in the state-run company, aggregating Rs 750 crore.
Govt to divest 1.5% in NMDC on Tuesday at Rs 153.5 per shareSale of 1.5 per cent would fetch Rs 750 crore to the exchequer, a source said.
Overseas roadshows for NMDC share sale begin todayThe non-deal roadshows are spread over 10 days and will give an opportunity to inform institutional investors about the company's growth pr...
NMDC slips 2% as government mulls 10% stake sale via OFSShares of NMDC tumbled over 3 per cent in Friday's trade after the government said it was looking to divest 10 per cent of its stake in the...
NMDC: Analysts recommend buy due to its strong fundamentalsThe impasse over iron ore mining in the country and improving global prices will benefit the company.
- NMDC’s stake sale receives bids for 28% shares: Exchange data
NMDC Ltd’s 10 per cent stake sale amounting to Rs 5828 cr received bids for nearly 28 per cent of the total shares on offer.
NMDC base price fixed at Rs 147 per share, Rs 5,828 cr eyedThe government on Tuesday fixed Rs 147 a share as the base price-- a 7.7 per cent discount at market rate-- for sale of its 10 per cent sta...
- NMDC disinvestment likely by mid-Dec, to garner Rs 7,500 crore
The Finance Ministry said it is looking at divesting stakes in three PSUs-- Hindustan Copper, NMDC and Oil India, which may fetch Rs 12,000...
- Govt appoints 5 merchant bankers Citigroup, Goldman Sachs, Enam Sec, Merrill Lynch & ICICI Sec for NMDC disinvestment
The government has appointed five merchant bankers for selling its 10 per cent stake in the country's largest iron ore miner NMDC.
- Cabinet clears 10 pc disinvestment of NMDC; may get Rs 7000 cr
The government today approved 10 per cent stake sale in the iron ore mining major NMDC that could fetch the exchequer over Rs 7,000 crore.
Government invites bids from merchant bankers for stake sale in Nalco, NMDCGovt plans to divest 12.15 pc stake in Nalco and 10 pc stake in NMDC through an OFS of shares through the stock exchanges.