Following is the text of announcement from BSE about MOIL OFS
Government of India (Ministry of Steel) (the "Seller") has announced its intention to sell up to 1,33,18,780 equity shares of MOIL Ltd. of face value of INR 10/- each, representing 10% of the total paid up equity share capital of the Company, on January 25, 2017 (for Retail Investors and for non-Retail Investors who choose to carry forward their bids)
OFS Issue Details are as follows:
Company: MOIL Ltd.
Issue Size (No of Shares) : 1,33,18,780
Floor Price : INR 365
Retail Reservation : 20% of issue Size
Discount For Retail : 5 % on cut-off Price in accordance with OFS guidelines
Issue Date : 25th January 2017 (For Retail and for non-Retail Investors who choose to carry forward their bids)
Timings : 9:15am to 3:30pm
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