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Govt successfully divests 10% in Nalco

Govt successfully divests 10% in Nalco

Thursday, April 20, 2017, 6:44 PM

The government has successfully divested 10% stake in Nalco to mop up nearly Rs 1,300 crore. A total of 193.3 million shares were put on auction through the offer for sale (OFS) route. The share sale received bids for 255 million shares. On Thursday, 71.22 million shares meant for retail investors were auctioned. The retail demand was three times more than shares on offer.
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