MOIL share sale: Bids worth Rs 580-cr received : The Tribune India

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MOIL share sale: Bids worth Rs 580-cr received

New Delhi: Strong demand from institutional buyers saw bids worth over Rs 580 crore coming in on the first day of government’s 10% stake sale in manganese miner MOIL.



New Delhi

Strong demand from institutional buyers saw bids worth over Rs 580 crore coming in on the first day of government’s 10% stake sale in manganese miner MOIL. The share sale attracted bids for over 1.60 crore shares as against 1.06 crore shares offered to institutional investors, garnering a subscription of 1.51 times, according to the stock exchange data. PTI

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The initial public offer of the Bombay Stock Exchange (BSE) — the first by a domestic stock exchange in India — to raise up to Rs 1,243 crore was oversubscribed 1.55 times on the second day of the offer on Tuesday. The IPO, which closes on Wednesday, received bids for 1,67,06,394 shares against the total issue size of 1,07,99,039 shares, data available with the NSE till 1700 hrs showed. PTI

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