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TMI BlogGovernment divests 2.52 % of paid-up capital in National Mineral Development CorporationX X X X Extracts X X X X X X X X Extracts X X X X ..... Government divests 2.52 % of paid-up capital in National Mineral Development Corporation X X X X Extracts X X X X X X X X Extracts X X X X ..... Mineral Development Corporation Issue gets over-subscribed by three times the base issue size Government has successfully divested 2.52 % of paid-up capital in National Mineral Development Corporat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion (NMDC) for an amount of ₹ 1200 crore approx. (Rs. 980.05 crore from non-retail investors and ₹ 232 crore approx. from retail investors) through Offer for sale (OFS) mechanism. Origin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ally, the disinvestment in NMDC OFS was pegged at basic issue size of 1.5% of paid-up capital at floor price of ₹ 153.50 per share. The issue got over-subscribed by three times the base issue si ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ze. To encourage retail participation, a discount of 5% on the cut off price was offered to retail investors. The retail portion has been over-subscribed by 439.64%. The issue has attracted investme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nts from foreign investors and Domestic institutional investors and mutual funds.
With this transaction, the Government of India shareholding in NMDC has come down from 74.94% to 72.42%. X X X X Extracts X X X X X X X X Extracts X X X X ..... ress release - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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