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NMDC in focus as government to divest stake in OFS

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of will be in focus after government's plan to sell stake in the company through an offer for sale at a floor price of Rs 153.50 per share. The of India, acting through and represented by the Ministry of Steel, of India, is the promoter of (Promoter). The promoter proposes to sell up to 4.74 crore (1.5%) equity on 9 January 2018 (for only) and on 10 January 2018 (for and for who choose to carry forward their un-allotted bids) with an option to additionally sell up to 4.74 crore (1.5%) equity of The announcement was made after market hours yesterday, 8 January 2018.

will be watched after its foreign unit, (JLR), reported 0.6% rise in to 55,697 vehicles in December 2017 over December 2016. The announcement was made after market hours yesterday, 8 January 2018.

JLR in December were up in overseas markets (19.0%) and in (12.6%) but down in the UK (15.8%), US (9.2%) and (4.6%), reflecting weaker market conditions in the UK and to a lesser extent the US.

Jaguar fell 7.8% to 15,079 vehicles in December 2017 over December 2016, as solid sales of the long wheel base Jaguar in and the introduction of the E-PACE were more than offset by softer sales of XE and

retail sales rose 4.1% to 40,618 vehicles in December 2017 over December 2016, led by the introduction of the Velar and the sales ramp up of the all new Discovery.

has fixed 19 January 2018 as record date for buyback of upto 2.75 lakh shares representing upto 1.15% stake at Rs 875 per share. The announcement was made after market hours yesterday, 8 January 2018.

Deep Industries said that the company has incorporated a subsidiary company in name of Deep International DMCC in on 7 January 2018. The announcement was made after market hours yesterday, 8 January 2018.

Sutlej Textiles and Industries' board approved setting up of a plant in to manufacture polyester staple fibre. It also deferred plans of expanding its due to uncertain markets conditions in the yarn segment. The announcement was made after market hours yesterday, 8 January 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 08:49 IST
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