National Fertilizers Ltd share sale fully subscribed

The government on Wednesday raised Rs 101 crore from the sale of 3.74 crore shares in National Fertilizers Ltd (NFL),with the issue over-subscribed well before the markets closed.

The issue attracted bids for over 3.8 crore shares,or 1.02 times the 3.74 crore shares offered,according to data from the stock exchanges. The indicative price was Rs 27 per share,which was also the base price for the offer. At this price,the stake sale will fetch the exchequer Rs 101 crore.

NLC share sale price at Rs58-60

New Delhi: The government will sell 3.56 per cent stake in Neyveli Lignite Corporation (NLC) at a price band of Rs 58-60 apiece,which will fetch around Rs 350 crore to the exchequer. The issue will hit the markets on August 2,disinvestment secretary Ravi Mathur said.