Nalco stake sale commences on bourses; scrip tanks 8%

Shares of Nalco plunged over 8 percent on the BSE in the trade Friday as the government's up to 10 percent stake sale of the PSU firm commenced on the bourses.

Nalco stake sale: Floor price fixed at Rs 40/share; 10% discount given

The base price of Rs 40 a share for National Aluminium Company of India (Nalco) is at a discount of 9.61 percent over Thursday's closing price of company's shares at Rs 44.25 on the BSE.

Nalco down 6% in trade ahead of offer for sale

Shares of state-run Nalco Thursday tumbled nearly six percent in early trade, ahead of its share sale programme where the government will sell up to 10 percent stake in the aluminium major.

Nalco stake sale on Friday; Govt to raise around Rs 1,400 crore

The Finance Ministry on Wednesday said the government's 12.5 percent stake sale offer in Nalco will hit the markets on March 15, which could mop up around Rs 1,400 crore to the exchequer.

EGoM on Nalco stake sale tomorrow; SAIL next week

Keen to achieve the scaled down disinvestment target of Rs 24,000 crore, the government is working to sell part of its stake in Nalco and SAIL in the next fortnight.

EGoM to decide on Nalco stake sale price today

An inter-ministerial panel is likely to decide on Monday the floor price for 12.5 percent stake sale in Nalco, which can fetch around Rs 1,400 crore to the exchequer at current rates.

Govt to take call on Nalco stake sale in Jan: Chidambaram

The government will take a call on 12.5 percent stake sale in aluminium major Nalco in January after the company's third quarter (October-December) financial results, said Finance Minister P Chidambaram Thursday.

EGoM to decide price band for Nalco stake sale today

The stake sale in Nalco is expected to fetch the exchequer around Rs 1,500 crore.

EGoM to decide price band for Nalco stake sale Wednesday

The Empowered Group of Ministers on disinvestment will decide on Wednesday the price band for offloading 12.5 percent government equity in aluminium major Nalco.