New Delhi: The government will sell 10% stake in state-owned manganese miner MOIL on Tuesday at a floor price of Rs 365 a share, which will fetch around Rs 450 crore to the exchequer. The floor price is at a discount of 4.63% over the closing price of MOIL at Rs 382.70 on the BSE. Retail investors will get a further discount of 5.20% in the offer for sale (OFS), an official said.
The government currently holds 75.58% in MOIL. Shares of MOIL closed at Rs 382.70, up 0.90% over previous close on the BSE on Monday. The two-day offer for sale (OFS) will open for institutional bidding on Tuesday and retail investors will be able to subscribe on January 25. PTI
Most Read In 24 Hours
Don't Miss
View All
Top News
Election Commission sends notices to PM Modi, Rahul, Kharge over violation of Model Code of Conduct
ECI invokes Section 77 of Representation of People Act, hold...
Massive landslide hits Arunachal-China border area; major portion of highway washed away
Videos shows huge stretch of the highway missing, making it ...
Maharashtra cyber cell summons actor Tamannaah Bhatia in illegal IPL streaming case
For allegedly promoting the viewing of IPL matches on Fairpl...
JEE-Main 2024 result declared; 56 candidates score 100 percentile
Out of 56, 15 are from Telangana, 7 each from Andhra Pradesh...
Delhi excise policy case: CM Arvind Kejriwal’s conduct did him in, ED tells Supreme Court
In an affidavit filed in top court, ED says AAP has committe...
