NMDC share sale 79 pc
A share sale in India’s top iron ore miner NMDC saw interest reviving on the second day of book building, with bids for 79 percent of the shares on offer.
The offer had received bids for only 17 percent of its size on Wednesday.
According to data on India’s National Stock Exchange website, most of the bids were at the lower end of its 300-350 rupees price band.
Shares in the company fell in the Mumbai market, with investors expecting the issue price to be set near the lower end of the range.
NMDC shares declined 5.1 percent to 360.35 rupees, in a Mumbai market that rose 0.4 percent.
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- Last Modified: March 11, 2010
- Filed Under: Latest News, MARKETS, NATION, WORLD
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