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Govt gets Rs 6,000 cr from NMDC share sale; FIIs bid in big way

The NMDC issue was oversubscribed 1.73 times on Wednesday, fetching Rs 6,000 crore for the government for its 10 percent stake, thanks to strong participation from FIIs and state-run insurer LIC.

Ministers to fix price of NMDC shares ahead of stake sale

Empowered group of ministers (EGoM) headed by Finance Minister P Chidambaram will meet on Monday to fix the price for selling a 10 percent stake in iron ore miner NMDC.

NMDC disinvestment likely by mid-Dec, to garner Rs 7,500 crore

The government on Thursday said it is planning 10 percent stake sale in NMDC by mid-December, which could fetch the exchequer about Rs 7,500 crore.

Cabinet clears 10% disinvestment of NMDC; may get Rs 7000 crore

The government on Thursday approved 10 percent stake sale in the iron ore mining major NMDC that could fetch the exchequer over Rs 7,000 crore.