TMI BlogGovt. Expected to raise ₹ 750 Crore through OFS of 5% shares of NLC India Limited; Overall Issue Subscribed 2.10 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; Overall Issue Subscribed 2.10 Times - News and Press Release Dated:- 27-10-2017 - News - The Government is li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... kely to raise ₹ 750 crore through disinvestment of 5% of paid-up equity shares of NLC India Limited (NLCIL) through Offer for Sale (OFS) mechanism. The Government approved disinvestment of 3% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... equity shares of NLCIL as base offer, with an option to retain oversubscription upto additional 2% equity shares. Trading for Non-Retail portion took place on 25th October, 2017 at a floor price of & ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... #8377; 94. Government accordingly decided to retain the over-subscription by revising the total offer size from 3% to 5% of equity shares. Trading for retail category took place today i.e. on 26th Oct ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ober, 2017. Retail investors were offered discount of 3.5% over cut-off price for non-retail category. The retail portion was subscribed 2.90 times. The cut-off price for retail category was at ₹ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ; 95.80 while for non-retail shares was ₹ 94.60. Post-disinvestment, the Government of India s shareholding in NLC will come down to 84.32%. - News - Press release - PIB Tax Management Ind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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