Live
- 525 candidates remain in fray for 17 LS seats in Telangana
- Political Prowess on Display: Rajnath Singh and Smriti Irani's nominations galvanise BJP’s poll campaign
- TN government committee identifies 42 elephant corridors in state
- Ola Cabs CEO Hemant Bakshi steps down, firm announces job cuts
- IPL 2024: Kuldeep Yadav's 35 not out propels Delhi to 153/9 against Kolkata
- BJP leader Sambit Patra files nomination for Puri Lok Sabha seat
- Rajiv Pratap Rudy accuses Lalu Prasad of 'killing' developmental schemes in Saran
- Quick action by Telangana Cyber Security Bureau saves citizen's Rs 1 crore
- Types of food diabetics should avoid
- Celebrating National Honesty Day: 20 Quotes to Inspire Integrity
RVNL stake sale: Institutional buyers bid for Rs 1,900cr
Highlights
New Delhi: The government’s 5.36 per cent share sale in Rail Vikas Nigam Ltd (RVNL) was oversubscribed on the first day of issue with institutional...
New Delhi: The government’s 5.36 per cent share sale in Rail Vikas Nigam Ltd (RVNL) was oversubscribed on the first day of issue with institutional buyers putting in bids worth about Rs1,900 crore. In the two-day Offer-for-Sale (OFS), the government is selling 11.17 crore shares, representing 5.36 per cent stake at a floor price of Rs119 apiece.
The offer includes a Greenshoe option of an additional 4.08 crore RVNL shares or 1.96 per cent stake. On the first day of share sale, institutional buyers put in bids for 15.64 crore shares, as against the base issue size of 6.38 crore.
Next Story
ADVERTISEMENT
