<h1>MMTC OFS Oversubscribed by 1.55x, Government Raises Rs. 567.90 Crores from Divestment to Meet Shareholding Norms.</h1> The Minerals and Metal Trading Corporation (MMTC) conducted an Offer for Sale (OFS) to divest 9.33% of the Government of India's equity shareholding. The issue, listed on both BSE and NSE, was oversubscribed by 1.55 times, with an indicative price of Rs. 60.86 per share. The government anticipates proceeds of Rs. 567.90 crores. Participation included 65% from insurance companies, 21% from banks, and 14% from retail investors. The divestment aimed to meet public shareholding requirements under the Securities Contract Regulations. Merchant bankers involved were Avendus Capital, IDBI Capital, and IDFC Ltd.