Govt to sell 7% in NLC India via offer-for-sale, aims to raise ₹2,058 cr
The government plans to offload a 7% stake in NLC India through an offer-for-sale (OFS), including a green shoe option of 2%. The OFS, opening for non-retail investors on Thursday and for retail investors on March 11, aims to raise around ₹2,058 crore. The floor price is set at ₹212 per equity share, at a discount to the closing price of ₹226.7 apiece on Wednesday.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
