Govt gets Rs 6,000 cr as NMDC share sale oversubscribed, FIIs bid in big way
Agencies: New Delhi, Dec 12 2012, 16:25 IST
411.70 million shares, at an indicative weighted average price of 149.09 rupees per share. Final bid numbers will be available later on Wednesday.
The government was selling 396.47 million shares, or 10 percent of the company's stock and had set a floor price of 147 rupees per share for bids.
The share sale is the largest by the government since a messy $2.5 billion auction of shares in state explorer Oil and Natural Gas Corp in March that had required large bids from state investors.
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