Govt to Promote As much as 7% in NLC India at Flooring Worth of Rs 212 Apiece – News18


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 traders on Thursday and for retail traders on Monday

The federal government will promote as much as a 7 per cent stake in NLC India at a flooring value of Rs 212 per share in a two-day provide on the market starting Thursday. The Rs 2,000 crore OFS will open for institutional traders on Thursday and for retail traders on Monday. Friday is a market vacation on account of Maha Shivratri.

“Supply on the market in NLC India Restricted opens tomorrow for non-retail traders. Retail traders 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 mentioned on X. The federal government is promoting over 9.7 crore shares at a flooring value of Rs 212 apiece. If totally subscribed, together with the inexperienced shoe choice, the share sale would fetch about Rs 2,000 crore to the exchequer.

The ground value is at a reduction of about 6.5 per cent over Wednesday’s closing share value 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.

(This story has not been edited by News18 employees and is printed from a syndicated information company feed – PTI)

.



Supply hyperlink

Latest

Meghan Markle ‘uncommon’ outing with Harry makes her ‘much less assured’

Meghan Markle is seemingly noticed much less assured...

Illinois drops its investigation into Shannon Jr.

Shwetha Surendran, ESPNApr 11, 2024, 05:51 PM ETShutShwetha...

Ryan Gosling first refused to sing on the Oscars for Ken efficiency?

Ryan Gosling wasn’t at all times so assured...

Litecoin Perception: 62.5% Of All LTC Buyers Are HODLers

On-chain knowledge reveals that Litecoin’s long-term holders have...

Newsletter

spot_img

Don't miss

Meghan Markle ‘uncommon’ outing with Harry makes her ‘much less assured’

Meghan Markle is seemingly noticed much less assured...

Illinois drops its investigation into Shannon Jr.

Shwetha Surendran, ESPNApr 11, 2024, 05:51 PM ETShutShwetha...

Ryan Gosling first refused to sing on the Oscars for Ken efficiency?

Ryan Gosling wasn’t at all times so assured...

Litecoin Perception: 62.5% Of All LTC Buyers Are HODLers

On-chain knowledge reveals that Litecoin’s long-term holders have...

Russian troopers arrive in Niger as relationship with U.S. deteriorates

DAKAR, Senegal — Russian army personnel arrived in...
spot_imgspot_img

Meghan Markle ‘uncommon’ outing with Harry makes her ‘much less assured’

Meghan Markle is seemingly noticed much less assured as she goes out and about with Prince Harry.The Duchess of Sussex, who attended a...

Illinois drops its investigation into Shannon Jr.

Shwetha Surendran, ESPNApr 11, 2024, 05:51 PM ETShutShwetha Surendran is author in ESPN's investigative and enterprise unit.The College of Illinois has closed an...

Ryan Gosling first refused to sing on the Oscars for Ken efficiency?

Ryan Gosling wasn’t at all times so assured about his Ken efficiency on the Oscars, as he first informed his producers a “100%...

LEAVE A REPLY

Please enter your comment!
Please enter your name here