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Wednesday, April 19, 2017

NALCO shares tumble 7 percent on OFS day

The equity shares of National Aluminium Company (NALCO) crashed around 7% on the day of Offer for Sale (OFS) as the price has moved more closer to the floor price of the OFS

NALCO OFS is open for subscription for Non retail category on Apr 19 and for Retail investors on Apr 20

The decline in prices have further reduced the sheen of the OFS whose floor price is fixed at Rs.67 per share

NALCO is a leading manufacturer and distributor of aluminium products in India
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