 "National Fertilizers")
The Rs 530-crore offer for sale (OFS) of National Fertilizers Ltd (NFL) sailed through successfully, helping the government dilute 15 per cent stake.
The retail portion of the OFS garnered 2.7 times subscription on Thursday.
A day earlier, the share sale saw 2.4 times more demand than shares on offer meant for institutional investors and high net-worth individuals (HNIs).
The floor price for the issue was Rs 72.8 per share- a 7.6 per cent discount to the last traded price the day the OFS was announced.
Shares of NFL dropped Rs 1.95 or, 2.6 per cent to close at Rs 71.25.
Prior to the stake
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