New Delhi : Institutional investors on Wednesday put in bids worth of Rs 578 crore for the government’s 15 per cent stake in National Fertilisers Ltd (NFL).
Through the two-day offer for sale (OFS), the government is selling 7.35 crore shares, or 15 per cent stake, at a floor price of Rs 72.80 a share. The sale would fetch about Rs 530 crore to the exchequer. At the close of market hours, of the 5.88 crore shares reserved for institutional buyers, subscriptions for over 7.94 crore shares came in, representing 1.35 times the shares on offer, according to NSE data.
Over 1.47 crore shares will be offered to retail investors on Thursday. Shares of NFL closed at Rs 73.20, down 7.17 per cent over the previous close, on the BSE.
Mumbai Crime Branch Arrests 5th Accused In Rohit Shetty's Juhu House Firing Case, Main Shooter Still Absconding
India Returns To Venice Biennale 2026 With 'Geographies Of Distance: Remembering Home'
China Likely To Send Delegation To India's AI Summit Amid Improving Ties
PSEB Class 12 Admit Card 2026 Released; Schools To Download Hall Tickets For Regular Students & Private Candidates Can Download Online
