The Indian government would sale 10%stake in NMDC Ltd on Wednesday.An Empowered group of Ministers on Monday approved the stake sell in the public sector iron ore
The price band is fixed at INR 145 to INR 150 per share
On Monday,NMDC stock closed at INR 154.75 a share on the Bombay Stock Exchange,down 2.49 per cent from its previous trading session.During the day's trade,the scrip touched highest INR 157.95 and fall to INR 150.15.
At present,Government is the majority stake holder with 90 per cent stake in the miner.Another 10 per cent stake is with other investors that include 8.42 per cent domestic institutional investors,0.92 per cent with retail investors and remaining 0.66 per cent with foreign institutional investors.
Source:
http://www.steelguru.com/indian_news/NMDC_10pct_stake_sale_to_reduce_government_hold/294671.html
