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Seventh CPSE Disinvestment of the Fiscal Year 2015-16 CONCOR (Non-Retail Basket) OFS gets Oversubscribed 2 Times; Highlight of the issue was the encouraging FIIs participation of ? 373.41 crore which works-out to be 40 of the Non-Retail Basket

News and Press Release - Dated:- 10-3-2016 - The Seventh CPSE disinvestment of the fiscal year 2015-16 took place yesterday with the CONCOR (Non-Retail basket) OFS getting oversubscribed by 2 times. On offer was 5% paid-up equity capital of the company comprising 97,48,710 shares, each of Face value of ₹10. Out of the shares on offer for sale, 20% are reserved for retail investors. At the end of the day with total subscription of ₹ 1887.12 crore, the issue stood oversubscribed by two .....

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nvestors were allowed to place their bids today (T Day) for 80% of non-retail portion. On offer was 77,98,968 equity shares which amount to ₹ 932 crore at floor price. The retail investors shall bid tomorrow (T+1) for 20% of the portion reserved for them, i.e. 19,49742 equity shares of the Company amounting to ₹ 233 crore at Floor price. They will have the option to place a price bid or opt for bidding at cut-off price. The new arrangement provides retail investors the benefit of dis .....

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