TMI BlogGovt. expected to raise ₹ 750 Crore through OFS of 5% shares of NLC India Limited; Non-retail portion over-subscribed by 3.19 timesX X X X Extracts X X X X X X X X Extracts X X X X ..... Govt. expected to raise ₹ 750 Crore through OFS of 5% shares of NLC India Limited; Non-retail portion over-subscribed by 3.19 times - News and Press Release Dated:- 25-10-2017 - News - The Gov ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ernment of India is likely to raise ₹ 750 crores through disinvestment of 5% of paid-up equity shares of NLC India Limited (NLCIL) through Offer for Sale (OFS) mechanism. Government approved ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... disinvestment of 3% equity shares of NLCIL as base offer, with an option to retain oversubscription up-to additional 2% equity shares. Trading for Non-Retail portion took place on 25th October, 2017 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t a floor price of ₹ 94. Against the offer size of 3.67 crore, bids were received for 11.63 crore shares, resulting in over subscription by 3.19 times. Government accordingly decided to retain t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he over-subscription by revising the total offer size from 3% to 5% of equity shares. Trading for retail category will take place on 26th October, 2017. Retail investors are offered discount of 3.5% o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ver cut-off price for non-retail category. Post-disinvestment, the Government of India s shareholding in NLC will come down to 84.32%. - News - Press release - PIB Tax Management India - taxmana ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
