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Govt to divest up to 10% stake in Nalco via OFS tomorrow

Govt to divest up to 10% stake in Nalco via OFS tomorrow

Tuesday, April 18, 2017, 5:11 PM

Barely 15 days into the new financial year, the government on Tuesday announced the first share sale. The government plans to divest up to 10% of its holding in Nalco via an offer for sale on Wednesday. The share sale is expected to raise Rs 1,350 crore for the government kitty. The issue price has been set at Rs 67 a share.
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