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Why NMDC FPO is an attractive offer for investors
The government's necessity to garner funds to bridge its fiscal deficit has thrown up an opportunity for investors in the form of NMDC Ltd's follow-on-public offering (FPO). In order to achieve......
NMDC FPO gets poor response on day one
Like its predecessors REC and NTPC, mining major NMDC, the third government-owned company to hit the markets this year, received tepid response on the first day of follow-on offer (FPO).According......
Mega share sales: Will the markets correct?
In most past instances when big offers hit the market, broader indices corrected 2-4% Image:A child walks between the ‘Bulle und Baer’ (Bull And Bear) sculptures next to......
Govt initiates process for Engineers India stake sale
The Department of Disinvestment (DoD) will soon appoint merchant bankers to manage 10 per cent stake sale in Engineers India Ltd (EIL) which may fetch Rs 520 crore (Rs 5.2 billion) to the......
Money for brokers if PSU staff buy own shares
The Union government has planned to pay brokers a commission to encourage staffers in divesting public sector units (PSUs) to subscribe to these issues. The divestment programme planned for this......
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