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Nalco stake sale oversubscribed 1.63 times, scrip dips 7.7%

Nalco stake sale oversubscribed 1.63 times, scrip dips 7.7%

Wednesday, April 19, 2017, 6:08 PM

The PSU disinvestment drive for the current financial year took off successfully on Wednesday, with Nalco's share sale oversubscribed 1.63 times by institutional buyers. As of 14:25 hours, as against 7.73 crore shares offered to institutional buyers, bids came in for over 12.60 crore shares. However, the Nalco scrip touched a low of Rs 67.75, down 7.76% over previous close on the BSE.
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