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NMDC STAKE SALE
NMDC Steel shares jump 18% to 52-week high after return to profit in Q4 and FY26NMDC Steel shares surged nearly 18% to a 52-week high after reporting a significant turnaround in FY26 earnings. The company returned to pr...- Stocks in news: Nykaa, Godrej Consumer, Titagarh Rail, Fino Payments Bank, NMDCIndian markets closed with over 1% gains, though volatility persisted. Analysts eye crude oil prices and India Vix for sustained recovery. ...
- Financial bids for NMDC Steel likely by AugustThe government expects a premium over the current share price of NMDC Steel. The share price of NMDC Steel, which has risen by over 30% sin...
- LIC pares stake in NMDC for about Rs 705 croreLIC said its holding in NMDC has decreased from 13.69% to 11.69% between December and March. Apart from NMDC, LIC has also diluted its stak...
- Government likely to invite preliminary bids for sale of NMDC's steel plant by March 2023NMDC's under-construction steel plant located in Chhattisgarh is likely to begin operations this month. Once the demerger process is comple...
- NMDC workers hold protest against Nagarnar Steel Plant demerger, govt stake saleRajesh Sandhu, Secretary of NMDC Sanyukt Khadaan Mazdoor Sangh, which represents workers at the NMDC operated mines, said over 200 employee...
- 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 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.
- NMDC stake sale: Institutional buyers' portion over-subscribedInstitutional investors bid for 6.36 crore shares, representing 1.68 times of shares reserved for them.
- 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...
- Government invites bids from merchant bankers for stake sale in NMDCThe government had last sold 10 per cent stake in NMDC in December 2012 during which it had netted Rs 5,900 crore to the exchequer.
- Government to decide on Nalco, Bhel and NMDC stake sale todayThe finance ministry has proposed a sale of 10% each in state-run mining firm NMDC and aluminum maker Nalco.
- Finance ministry kickstarts RCF stake sale processThe finance ministry has kick-started the process of 12.5% stake sale in RCF, which may fetch the government about Rs 350 crore.
- 'Fair-priced' NMDC has a smooth sale with foreign anchors; issue subscribed 1.7 timesThe govt's offer for sale of 10% stake in NMDC ended successfully with investors bidding for shares nearly two times the offer size.
- Government may disinvest 10 per cent equity in NMDC this weekAt present, the government holds 90% stake in NMDC. As of March 31, 2012, the state-owned iron ore miner had a paid-up equity capital of Rs...
- NMDC disinvestment likely by December 15Encouraged by the response to its stake sale in Hindustan Copper, the government today said disinvestment of its 10 per cent shares in NMDC...
- NMDC disinvestment likely by mid-Dec, to garner Rs 7,500 croreThe 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 disinvestmentThe government has appointed five merchant bankers for selling its 10 per cent stake in the country's largest iron ore miner NMDC.
- FM wants steel min's view on NMDC stake sale in 4 daysThe finance ministry has asked the steel ministry to give by November 5 its views on the proposed 15% disinvestment in mining PSU NMDC, whi...
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