Mon, Dec 10, 2012 at 18:40
The government will launch the 10% offer for sale issue of NMDC on December 12. The Empowered Group of Ministers (EGoM) has firmed up the floor price for the nmdc auction, but that is being kept under wraps till tomorrow, reports CNBC-TV18.
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Govt to start 10% stake sale of NMDC on Dec 12
The government will launch the 10% offer for sale issue of NMDC on December 12. The Empowered Group of Ministers (EGoM) has firmed up the floor price for the nmdc auction, but that is being kept under wraps till tomorrow, reports CNBC-TV18.
Like this story, share it with millions of investors on M3
Govt to start 10% stake sale of NMDC on Dec 12
The government will launch the 10% offer for sale issue of NMDC on December 12. The Empowered Group of Ministers (EGoM) has firmed up the floor price for the nmdc auction, but that is being kept under wraps till tomorrow, reports CNBC-TV18.
Sources said earlier merchant bankers mooted a floor price of Rs 140-145/share versus today's closing price of Rs 154.75/share.
The government is targeting to raise atleast Rs 5500- 5700 crore from the NMDC stake sale. After Hindustan Copper , NMDC will be the second comoany in which the government is divesting its stake. Finance Minister P Chidambaram recently reiterated the governement will meet its FY13 disinvestment target of Rs 30,000 crore.
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