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This is an archive article published on March 15, 2010

NMDC issue priced at Rs 300 per share

NMDC's $2.2 billion share sale,which closed on March 12,was subscribed 1.25 times.

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State-run miner NMDC Ltd said on Monday the government had set the issue price for the company’s follow-on share offer at Rs 300 each,while for retail investors and employees it would be Rs 285.

NMDC’s $2.2 billion share sale,which closed on March 12,was subscribed 1.25 times,with most bids at the lower end of the Rs 300 to 350 price range.

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