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Wednesday, April 19, 2017

2017-18 Disinvestment - Nalco offer-for-sale opens on Wednesday April 19,2017

The NDA Government plans to dilute 10 per cent stake in National Aluminium Company through the offer-for-sale route. 

The Centre has fixed the floor price at ₹67 a share. 

The offer opens on Wednesday April 19,2017  for institutional investors and on Thursday April 20,2017 for retail investors. 

Through the issue, the government plans to sell 9.66 crore shares. Allotted retail investors will be getting a discount of 5 per cent to the cut-off price. 

Shares may remain under pressure during the OFS period.

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