MARKETS

BSE Prices delayed by 5 minutes... Prices as on Oct 16, 2018   ABB India 1300.05 [ 0.71% ]ACC 1551.15 [ 1.88% ]Ambuja Cements Ltd. 221.4 [ 2.17% ]Asian Paints Ltd. 1266.8 [ 1.62% ]Axis Bank Ltd. 588.8 [ 2.25% ]Bajaj Auto Ltd. 2611.15 [ -0.54% ]Bank of Baroda 100 [ 2.88% ]Bharti Airtel 293.9 [ 0.86% ]Bharat Heavy Ele 76.2 [ 0.53% ]Bharat Petroleum 302.4 [ 2.06% ]Britannia Ind. 5697.7 [ 0.65% ]Cairn India Ltd. 285.4 [ 0.90% ]Cipla 640 [ -0.93% ]Coal India 276.5 [ 0.29% ]Colgate Palm. 1098.45 [ 0.16% ]Dabur India 406.15 [ 2.23% ]DLF Ltd. 158.2 [ 0.86% ]Dr. Reddy's Labs 2573.45 [ 0.48% ]GAIL (India) Ltd. 352.05 [ 0.46% ]Grasim Inds. 907.85 [ 1.03% ]HCL Technologies 1002.95 [ 0.03% ]HDFC 1756.9 [ 1.32% ]HDFC Bank 1992.4 [ -0.77% ]Hero MotoCorp 2898.7 [ 0.53% ]Hindustan Unilever L 1544.35 [ 1.16% ]Hindalco Indus. 230.6 [ -0.39% ]ICICI Bank 321.05 [ 2.51% ]IDFC L 39.45 [ 1.68% ]Indian Hotels Co 124.4 [ -1.93% ]IndusInd Bank 1620.85 [ -0.37% ]Infosys 696.4 [ -0.39% ]ITC Ltd. 282.55 [ 0.34% ]Jindal St & Pwr 178.75 [ 0.56% ]Kotak Mahindra Bank 1176.8 [ 0.53% ]L&T 1224.35 [ 0.61% ]Lupin Ltd. 895.4 [ 1.70% ]Mahi. & Mahi 778.3 [ 3.97% ]Maruti Suzuki India 7149.95 [ -0.45% ]MTNL 14 [ 0.14% ]Nestle India 9734.2 [ 0.70% ]NIIT Ltd. 75.7 [ 3.56% ]NMDC Ltd. 113.4 [ 0.49% ]NTPC 164 [ -0.33% ]ONGC 165.5 [ 3.44% ]Punj. NationlBak 69.8 [ 3.95% ]Power Grid Corpo 188.05 [ -0.11% ]Reliance Inds. 1163.65 [ 2.09% ]SBI 270.2 [ 2.60% ]Vedanta 212.35 [ 0.66% ]Shipping Corpn. 44.45 [ 2.07% ]Sun Pharma. 602.85 [ 0.56% ]Tata Chemicals 675.1 [ 3.73% ]Tata Global Beverage 234.5 [ 0.19% ]Tata Motors Ltd. 185.5 [ 0.65% ]Tata Steel 574.1 [ 0.54% ]Tata Power Co. 73.8 [ 3.51% ]Tata Consultancy 1961.7 [ 0.64% ]Tech Mahindra Ltd. 718.4 [ 3.53% ]UltraTech Cement 3754.25 [ 1.16% ]United Spirits 526.4 [ -1.26% ]Wipro Ltd 320.15 [ -0.08% ]Zee Entertainment En 470.35 [ -0.36% ]

News Details

You can view in detail.
Institutional investors put in bids worth Rs 9.76 bn in NMDC disinvestment 10/01/2018 11:45

Institutional investors put in bids worth Rs 9.76 billion on Tuesday for buying government's part stake in state-owned miner NMDC.

The government had originally planned to sell 1.5 per cent stake in the company, with a green-shoe option to retain an equal quantum.Based on the response from institutional buyers, however, it has decided keep the issue size at 2.52 per cent, according to a finance ministry official.

The sale of 2.52 per cent in NMDC by the government after exercising green-shoe option would fetch about Rs 12 billion to the exchequer.FIIs and institutional investors have bid for over 63.6 million shares — 1.68 times of the 37.9 million shares reserved for them, according to the NSE data.At the floor price of Rs 153.50 apiece fixed by the government, bids for over 6.36 crore shares by institutional buyers would fetch Rs 976 crore to the exchequer.

The two-day offer for sale (OFS) will open for retail investors tomorrow.

The NMDC stock closed at Rs 154.70, down 4.42 per cent, on BSE.The government has already raised over Rs 525 billion in the current fiscal through stake sale in PSUs, including listing of insurance PSUs and exchange traded fund.It has set an ambitious target of raising Rs 725 billion for disinvestment in the current fiscal.

Of this, Rs 465 billion is to be raised through minority stake sale in PSUs and Rs 150 billion from strategic sale. Another Rs 110 billion is to come from listing of insurance companies.

LOAD MORE