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Tuesday, April 18, 2017

NALCO (Offer for Sale) Official BSE Notice Extract

All Market Participants are hereby informed that, The President of India acting through and represented by the Ministry of Mines, Government of India, (the “Promoter”) proposes to  sell up to  9,66,46,444 (5%) equity shares of the Company of face value of INR 05/- each with an additional option to sell up to 9,66,46,444 (5%) equity shares of the company  ("Offer Shares"), on April 19, 2017 (for non-Retail Investors) and April 20, 2017 (for Retail Investors and for non-Retail Investors who choose to carry forward their bids)


The Floor Price for the Offer shall be INR 67/- (INR Sixty Seven Only) per equity share.


The Seller/Promoter will intimate the Exchange of its intention to exercise the Oversubscription (additional issue size) after trading hours (i.e. on or before 6.00 PM) on T day (April 19, 2017).

BSE is the Designated Stock Exchange for the issue.

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