Govt. of India proposes to divest 7.49% stake in NMDC via OFS

NMDC announced that the Government of India (promoter of NMDC) proposes to sell up to 11,72,24,234 equity shares of the company (representing 4% of the total issued and paid up equity share capital of the company) (base offer size) on 06 July 2021 (for non-retail investors only) and on 07 July 2021 (for retail investors and for non-retail investors who choose to carry forward their un-allotted bids) with an option to additionally sell 10,22,78,144 equity shares (representing 3.49% of the total issued and paid up equity share capital of the company) (the oversubscription option) through a separate, designation window of BSE, collectively representing 7.49% of the total issued and paid up equity share capital of the company, in accordance with OFS Guidelines.

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