Moil Stake Sale

This will be the second government OFS in 2017, the last being the sale of its 10 per cent in Manganese Ore (India) Ltd (MOIL) raising Rs 480 crore.

The 2-day offer of sale (OFS) of the government's 10 per cent shares in MOIL at a floor price of Rs 365 opened for non-retail investors today.

The government currently holds 75.58 per cent in MOIL, formerly known as Manganese Ore India Ltd.

The government plans sale of 10 per cent stake each in Nalco, NMDC and MOIL, which could fetch about Rs 6,000 crore to the exchequer at the current market price.

Government has already started the process for the disinvestment of MOIL's 10 per cent stake through an offer for sale which could fetch around Rs 500 crore to the exchequer.

Government holds 71.57 per cent in the Miniratna PSU which is the largest producer of high grade manganese ore -- an essential input for steel making.

Government has already started the process of appointing merchant bankers for the disinvestment of MOIL's 10 per cent stake through an offer for sale which could fetch around Rs 500 crore to the exchequer.

To push through the 10 per cent stake sale of MOIL in the current fiscal year, the government has started the process of appointing merchant bankers for the disinvestment which could fetch around Rs 500 crore to the exchequer.

This will be the second government OFS in 2017, the last being the sale of its 10 per cent in Manganese Ore (India) Ltd (MOIL) raising Rs 480 crore.

The 2-day offer of sale (OFS) of the government's 10 per cent shares in MOIL at a floor price of Rs 365 opened for non-retail investors today.

The government currently holds 75.58 per cent in MOIL, formerly known as Manganese Ore India Ltd.

The government plans sale of 10 per cent stake each in Nalco, NMDC and MOIL, which could fetch about Rs 6,000 crore to the exchequer at the current market price.

Government has already started the process for the disinvestment of MOIL's 10 per cent stake through an offer for sale which could fetch around Rs 500 crore to the exchequer.

Government holds 71.57 per cent in the Miniratna PSU which is the largest producer of high grade manganese ore -- an essential input for steel making.

Government has already started the process of appointing merchant bankers for the disinvestment of MOIL's 10 per cent stake through an offer for sale which could fetch around Rs 500 crore to the exchequer.

To push through the 10 per cent stake sale of MOIL in the current fiscal year, the government has started the process of appointing merchant bankers for the disinvestment which could fetch around Rs 500 crore to the exchequer.