The government has successfully completed the OFS (offer for sale) for Coal India of 10% of share capital successfully. The price realised is marginally higher than the floor price of Rs 358 and the total sale would fetch the government Rs 22,600 crs. This makes this sale/divestment the biggest ever and beats the earlier best […]
Posts Tagged ‘OFS’
ITDC and STC OFS completed
August 5th, 2013
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The twin divestment of ITDC and OFS was completed with both issues being oversubscribed. ITDC received bids for 46.71 lac shares which was 108.93% of the offered quantity. The bids were primarily from the institutional category who are allowed to bid with 0% margin and 103.05% bids were from them. The 100% margins bids were […]
National Fertiliser OFS completed at floor price
August 1st, 2013
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National Fertiliser Limited (NFL) which had offered to sell 374.80 lac shares at a floor price of Rs 27 to comply with the minimum public shareholding managed to do so at around the floor price. The company received bids for 584.74 lac shares or 1.56 times the offered amount of shares. Of the total shares […]
