Online edition of India's National Newspaper
Wednesday, Nov 24, 2010
ePaper | Mobile/PDA Version
Google



Business
News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary |

Business Printer Friendly Page   Send this Article to a Friend

MOIL fixes IPO price at Rs. 340-375

Special Correspondent

NEW DELHI: The Union Government on Tuesday fixed the price band of Manganese Ore India Ltd. (MOIL) IPO at Rs.340-375 a share

That will enable the Centre, Maharashtra and Madhya Pradesh governments to raise up to Rs.1,238 crore.

The Centre will dilute its stake in the country's largest manganese manufacturer by 10 per cent, while Madhya Pradesh and Maharashtra governments will shed 5 per cent holdings each.

Employees of MOIL and retail investors will be offered a 5 per cent discount. The IPO opens on November 26 and closes on December 1.

Printer friendly page  
Send this article to Friends by E-Mail



Business

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary | Updates: Breaking News |


News Update



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Ergo | Home |

Copyright 2010, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu