Govt offers discount, fixes NMDC issue price at Rs 145-150

Dec 10 2012, 21:35 IST
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NMDC issue will hit the markets on Wednesday, it has been indicated. (Reuters) NMDC issue will hit the markets on Wednesday, it has been indicated. (Reuters)
SummaryNMDC issue will hit the markets on Wednesday, it has been indicated.

per cent stake in NMDC. As of March 31, 2012, the state-owned iron ore miner had a paid-up equity capital of Rs 396.47 crore.

For the share sale, the company had appointed five merchant bankers -- Citigroup Global Markets, Goldman Sachs (India) Securities, Enam Securities, DSP Merrill Lynch and ICICI Securities -- and ALMT Legal, Advocates & Solicitors as legal advisor.

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