SAIL or Steel Authority of India Limited which is a PSU and where the government of India holds 85.6 % shares has received the Cabinet approval for a further issue and divestment by the government. The clearance is for a two stage stake sail involving a FPO of 5% and a stake sale of 5% […]
Archive for the ‘FPO’ Category
NMDC shares under credit but share price has already crashed
March 28th, 2010
Comments Off on NMDC shares under credit but share price has already crashed
NMDC had come out with its FPO in a price band of Rs 300-350. The issue was for 33.22 cr shares and had a 5% discount for retail investors. The price band was announced one day before the issue opened and accordingly the price band of Rs 300-350 was fixed after the close of trading […]
NMDC FPO subscribed: fails to meet objective of retail and HNI response
March 13th, 2010
Comments Off on NMDC FPO subscribed: fails to meet objective of retail and HNI response
NMDC FPO which was an offer by sale by the Government of India received the required subscription and statistically record that the issue was subscribed 1.25 times. It however failed to get the requisite support from the retail and HNI’s for whom the issue had a reservation of 35% and 15% respectively. What is alarming […]
