Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times
Business

NLC India OFS over-subscribed 5 times, institutional buyers put in Rs 4,158 cr bids

The government's offer for sale of up to 3 per cent stake in NLC India got over-subscribed on the first day of the share sale with non-retail investors putting in bids worth Rs 4,158 crore.

On Tuesday, non-retail investors bid for over 13.03 crore shares at an indicative price of Rs 319.06 a shares, as against the base offer size of 2.49 crore shares for them.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.