12 Mar, 2010
NMDC issue scrapes through with govt aid
Public sector Life Insurance Corporation and State Bank of India have ostensibly bailed out the follow-on offer of state-owned mining firm NMDC. The two firms have reportedly put in close to Rs 8,200 crore, or around nearly 80% of the issue amount, of Rs 9,800 crore, at the lower end of the price band. The subscriptions by the insurer and India's biggest bank, reportedly at Rs 7,500 crore and Rs 700 crore respectively, ensured that the issue was finally subscribed 1.25 times.
Source: The Financial Express
Company:
NAT.MINERAL