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NALCO OFS over-subscribed 3 times; Government of India to raise ₹ 1200 crores

News and Press Release - Dated:- 20-4-2017 - The Central Government has successfully divested 9.2% of paid-up capital in National Aluminum Company Ltd. (NALCO) to raise ₹ 1,200 crore to begin FY 2017-18 with a bang. Department of Investment and .....

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he disinvestment in NALCO OFS was pegged at 5% of paid-up capital, but seeing the overwhelming response from the market, DIPAM exercised the green shoe option to retain over-subscription and raised the offer to 9.2% on Wednesday,19th April, 2017. Wit .....

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