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NMDC $3 bn share sale to open on 10 March

NMDC $3 bn share sale to open on 10 March
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First Published: Wed, Feb 24 2010. 05 37 PM IST
Updated: Wed, Feb 24 2010. 05 37 PM IST
Mumbai: A share sale in state-run miner NMDC Ltd to raise about $3 billion will open on 10 March, and follow the standard book-building system for Indian offerings, three sources with direct knowledge of the deal said.
A price band for the issue will be announced on 8 March, two of the sources, who did not wish to be named as they were not authorized to speak to the media, said on Wednesday.
Retail investors and NMDC employees are likely to get a discount of 5% to the discovered price, the sources said.
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First Published: Wed, Feb 24 2010. 05 37 PM IST
More Topics: NMDC | Shares | Investor | Money Matters | Equities |