SAIL FPO – Government to raise 16000 crore

• Author: Geetha
• Filed under: DisInvestment, Divestment, IPO, fpo, order news
• Date: Apr 8,2010

Government informed today that it has cleared the proposed 20 Percent disinvestment in SAIL Ltd ,that would fetch a total of Rs 16,000 .They will follow the two-tranche disinvestment, the government and the company would get Rs 8,000 crore each.Post disinvestment, the government’s equity will fall to 69 per cent from 85.82 per cent currently.
Sail FPO stake Sale

The stake sale will take place in two tranches of 10 per cent each, Chidambaram said, adding that each time 5 per cent will be through further public offer (FPO) and another 5 per cent through sale of government equity.

United Bank of India IPO Listing Date

• Author: abhisheak
• Filed under: DisInvestment, Divestment, IPO, IPO Listing
• Date: Mar 16,2010

United Bank of India IPO has announced the market that it will list on on Thursday, February 25, 2010.They had Issue price fixed at Rs 240/- per share.

Listing Date: Thursday, March 18, 2010
BSE Script Code: 533171
ISIN: INE695A01019
Issue Price: Rs. 66.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

NMDC IPO – Government Decides to Divest

• Author: Lalitha
• Filed under: DisInvestment, Divestment
• Date: Dec 11,2009

Government of india has released a ad in Ecnomic times , and thead is for calling merchant bankers and book running lead managers for divestment of share in NMDC.
About NMDC

NMDC Limited is a public sector undertaking, hereinafter referred to as
‘company’, under the administrative control of the Ministry of Steel. NMDC Limited is
engaged in exploration of a wide range of minerals. The paid-up capital of the company
as on 31.03.2009 is Rs.396.47 crore comprising 396,47,16,000 shares of face value of
Re.1 each. Presently, the Government of India is holding 98.38% of the paid up equity
capital of the company and the balance is held by Financial Institutions, public and
employees. The shares of the company are listed on various stock exchanges in India.

Divestment Decision

The Government of India intends to divest 8.38% of total paid up equity share capital of NMDC Limited comprising 33,22,43,200 shares, out of its shareholding of
98.38%, through “ Further Public Offer’ in the domestic market. A part of the Public
Offering will be reserved for the employees of the company.