Stocks to Watch on March 7: The government will sell up to 7 per cent stake in NLC India through an offer for sale (OFS) to raise up to Rs 2,100 crore
Government is selling over 9.7 crore shares at a floor price of Rs 212 apiece. If fully subscribed, including the green shoe option, the share sale would fetch about Rs 2,000 crore to the exchequer
The stake sale is part of the govt's efforts to raise a total of Rs 72,500 cr in FY18
Offer for sale of 76.4 mn shares saw bids for 165 mn shares