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Through the two day offer for Sale (OFS), the government is selling 7.35 crore shares or 15 per cent stake at a floor price of Rs 72.80 a share.The share sale would fetch about Rs 530 crore to the exchequer.Government holds 89.71 per cent stake in NFL. The floor price of Rs 72.80 a share is at a discount of 7.67 per cent over yesterday’s closing https://www.wonderleiusre.com price of Rs 78.85 on BSE.So far in the current fiscal, the government has already raised about Rs 7,000 crore through share sale in four companies.Of this, Rs 1,207 crore has come from initial public offering of HUDCO in May and Rs 1,192 crore through Nalco OFS in April and Rs 203 crore through RCF OFS in June.Besides, around Rs 4,200 crore have been raised through stake sale in L held through Specified Undertaking of Unit Trust of India (SUUTI) last month.Download a copySpecial Offer: Subscribe to Moneycontrol PRO’s annual plan for 1/ per day for the first year and claim exclusive benefits worth 20,000. Coupon code: PRO365.
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