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NLC India drops 3% even as gov OFS draws robust institutional demand; retail window opens today
NLC India shares fell sharply on Wednesday even as the government's Offer for Sale (OFS) attracted strong demand from institutional investors, with bids worth Rs 4,158 crore on day one. The Centre has exercised the oversubscription option, taking the total stake sale size to Rs 1,263 crore.
Stocks to watch: Ajanta Pharma, Bharti Airtel, IndiGo, NLC India, among key stocks in focus on 10 June - Mint
Stocks to watch: Ajanta Pharma, Bharti Airtel, IndiGo, NLC India, among key stocks in focus on 10 JuneMint
Stocks to Watch today: IndiGo, Afcons, Bharti Hexacom, JSW Infra, NTPC
Stocks to Watch today: IndiGo, SpiceJet, Afcons infra, JSW Infra, Bharti Hexacom, NTPC Green Energy, NTPC, NLC India, FirstCry, JW Steel, HDFC Bank, among others, will in focus today.
NLC India OFS opens for retail today after strong non-retail response - All you need to know
The government has decided to exercise the entire greenshoe option in the NLC India OFS, after the non-retail portion was oversubscribed 5.22 times, taking the total offer size to 3% of the company's equity capital from the initially planned 2%.
Stocks To Watch Today: Bharti Airtel, NLC India, NTPC Green, Afocns Infra & More
Here's a look at stocks that are likely to be in focus during the trading session on Wednesday.
NLC India OFS oversubscribed 5.22 times on day one; govt exercises full greenshoe option
Strong institutional demand prompted the Centre to scale up stake sale to 3%, raising about ₹1,260 crore via the disinvestment route.
Stocks to Watch for June 10: Bharti Airtel, Indigo, Ajanta Pharma, OMC stocks and more
Bharti Airtel gains relief after the Bombay High Court quashed OTSC demands, while IndiGo remains in focus following a 10% hike in aviation turbine fuel prices. Ajanta Pharma sees a promoter stake sale via a block deal, the government expands NLC India's OFS, and Dixon Technologies plans a telecom manufacturing joint venture with Gemtek. Here are the key stocks to watch ahead of Wednesday's trading session.
NLC India OFS over-subscribed 5 times, institutional buyers put in Rs 4,158 cr bids
The government's offer for sale in NLC India saw strong demand on the first day. Non-retail investors bid for shares worth Rs 4,158 crore. This indicates significant interest in the disinvestment. The offer is open for retail investors today. The government aims to raise funds through this stake sale. This is part of its broader PSU disinvestment strategy.
Hexagon Nutrition IPO draws 54x bids; NLC OFS and NSE moves in focus
Hexagon Nutrition's IPO attracted strong investor demand, while NLC India's OFS was oversubscribed and NSE pledged CSR support for the Social Stock Exchange
NLC India OFS: Government exercises greenshoe option
The total offer size has now increased to 3% of equity capital from 2%; retail investors will get 10% of the expanded issue on June 10. NLC India shares settled 2.13% lower at ₹328.60 on the NSE on June 9, before the announcement.
NLC India Ltd drops for fifth straight session
NLC India Ltd is quoting at Rs 328, down 2.31% on the day as on 13:19 IST on the NSE. The stock is up for a third straight session today in last one year as compared to a 7.57% up 0.28%. in NIFTY and a 8.56% down 22.64% in the Nifty Energy index.
NLC India slips as government launches Rs 1,260-crore OFS at discount
NLC India fell 3.40% to Rs 324.25 after the Government of India launched an offer for sale (OFS) to divest up to a 3% stake in the state-run mining and power company.