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11 Mar, 2010
NMDC FPO subscribed 80% on day 2
The followon public offer of NMDC, a navratna public sector undertaking, has been subscribed 79% on day two, as per data available on the NSE website.
Source: Moneycontrol.com
Click here for the full article.11 Mar, 2010
NMDC a probable candidate for Nifty, MSCI, say bankers
Bankers are selling NMDC as a probable candidate for the Nifty and MSCI, reports CNBCTV18's Mrinalini Krishna.
Source: Moneycontrol.com
Click here for the full article.11 Mar, 2010
NMDC FPO subscribed 79%
According to data available on the stock exchanges, the issue received bids for nearly 260.9 million shares at the end of the second day of the offer, with most bids coming at Rs300, the lower end of the price band
Source: Livemint.com
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Internal accruals adequate for NMDC plans; FPO unnecessary
The leading iron ore producer had cash and cash equivalents of Rs12,000 crore at the end of December
Source: Livemint.com
Click here for the full article.11 Mar, 2010
NMDC FPO: Centrum says subscribe, Macquarie differs
In an exclusive interview with CNBCTV18, Rakesh Arora of Macquarie Research Equities and Vishal Jajjo of FCH Centrum Wealth Managers, speak about the NMDC followon public offer and give their outlook going forward.
Source: Moneycontrol.com
Click here for the full article.11 Mar, 2010
Avoid NMDC FPO, says Angel Broking
Angel Broking has come out with a research note on NMDC's followon public offer (FPO). The broking firm has recommended an avoid on the FPO.
Source: Moneycontrol.com
Click here for the full article.11 Mar, 2010
Tepid retail response as NMDC public offer subscribed 0.79 times
The follow-on public offer of NMDC was subscribed 0.79 times with major participation coming from state-owned Life Insurance Corporation and public sector banks.
Source: The Financial Express
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Column: NMDC is priced just right
There seems to be a widespread belief that the NMDC FPO that opened on Wednesday, with bids for only 17% trickling....
Source: The Financial Express
Click here for the full article.11 Mar, 2010
NMDC FPO gets poor response on day one
Like its predecessors REC and NTPC, mining major NMDC, the third government-owned company to hit the markets this year, received tepid response on the first day of follow-on offer (FPO).
Source: Rediff.com
Click here for the full article.11 Mar, 2010
NMDC plans pipeline from Chhattisgarh to Vizag
State-owned miner NMDC is planning to invest around Rs 2,400 crore to lay a pipeline between its Chhattisgarh plant and Visakhapatnam in Andhra Pradesh.
Source: Sify.com
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