NMDC has decided to come out with an FPO to divest 8.38% of the government’s holding in the company. The present equity of the company is Rs 396.47 crs of Rs 1 paid up shares. Government of India holds 98.38% of the equity currently. After this divestment the government holding would reduce to 90%. The present share price as of 29th December 2009 is Rs 425.75 and the market cap is Rs 1.69 lac crs. If one were to assume the current price to be the FPO price it would mean a divestment of over 14000 crs.