A group of ministers has set the initial public offering price of state-run Manganese Ore India (MOIL) at the top end of its Rs 340-375 per share price band, a senior finance ministry official told Reuters.
The official, who did not wish to be named, also said the shares would be listed on the exchanges on December 15.
Manganese Ore's up to USD 276 million share offering was covered 56 times the share on offer, signalling continued robust demand for state-run issues.
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3 comments:
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