New Delhi: Another company’s stock is coming up for sale along with Clean Science Technology and GR Infraprojects. This company is government. The government will sell 4 per cent stake in public sector mining company NMDC through offer of sale (OFS). The company said that the OFS is opening on Tuesday. NMDC said in a communication to the stock exchanges that the minimum price for the OFS has been fixed at Rs 165 per equity share.
On July 7, retail investors and non-retail investors whose bids have not been allotted will be able to take forward their bids. There will be an option to sell 10,22,78,144 additional equity shares, which will be equal to 3.49 per cent of the total issued and paid-up equity share capital of the company.
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The minimum price in this offering has been fixed at Rs 165 per equity share. The sale offer will be made on Tuesday at a separate window of the stock exchange from 9:15 am to 3:30 pm.
When will share trading happen?
The offer will be made at the second window during trading on Wednesday. NMDC is the largest iron ore mining company in the country under the Ministry of Steel. The Government of India’s stake in the company is 68.29 percent.
