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NMDC's share sale fully subscribed, government to get Rs 5,900 crore

Mumbai, Dec 12: The 5,800 crore share sale in state miner NMDC was fully subscribed (1.03-times) at an indicative price of Rs 149.09 on Wednesday. For 39.65 crore shares, or 10 per cent of the
India TV Business Desk December 12, 2012 18:26 IST
India TV Business Desk
Mumbai, Dec 12: The 5,800 crore share sale in state miner NMDC was fully subscribed (1.03-times) at an indicative price of Rs 149.09 on Wednesday. For 39.65 crore shares, or 10 per cent of the company's stock, the government was expected to raise over Rs 5,900 crore via the offer for sale scheme.



The share sale received bids for 41.17 crore shares against 39.65 crore shares on offer.