Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>National Fertilizers Limited OFS Oversubscribed; Government to Earn Rs. 535 Crore, Reduces Stake to 74.71.</h1> The Offer for Sale (OFS) of National Fertilizers Limited (NFL) was oversubscribed by 1.41 times, with the retail portion oversubscribed by 1.66 times and the non-retail portion by 1.35 times. The government is expected to receive approximately Rs. 535 crore from this transaction, reducing its shareholding in NFL to 74.71%. Retail investors bid a total of Rs. 178.67 crore against the reserved Rs. 107.14 crore, while non-retail investors submitted bids totaling Rs. 578.8 crore against the offered shares valued at Rs. 428.57 crore. This marks the third Central Public Sector Enterprise OFS in the current financial year.