Nalco Share Sale

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  Nalco Stake Sale Fully Subscribed

  National Aluminium Company Ltd is the first disinvestment of the current fiscal year, which started on April 1.

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  Nalco Share Sale Gets Under Way, Stock Falls

  The two-day OFS began on bourses today with over 7.73 crore shares being sold to institutional investors. Over 1.93 crore have been reserved for retail investors who will also be offered additional discount over the issue price.

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  NMDC, Nalco Share Sales May Kick Off In March Quarter: Report

  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.

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  Nalco Rises Nearly 3% On Share Buy-Back Plans

  Nalco shares on Monday rose by nearly 3 per cent ahead of a meeting of the company's board on May 25 to discuss buy-back of the government's 25 per cent stake in the aluminium maker.

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  Nalco's 25% Share Buyback to Take Place in Next Fiscal

  Nalco's estimated Rs 3,250-crore share buyback programme has been delayed due to procedural issues and will be completed in financial year 2016-17.

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  Government Expects to Raise Rs 22,574 Crore From Share Sale in Four Companies

  The cabinet has already approved the sale of 5 per cent stakes in ONGC and Bharat Heavy Electricals Ltd, and 10 per cent each in NALCO and NMDC Ltd, Mr Sinha told lawmakers in a written reply in the lower house of parliament.

• NALCO stake sale: Government raises over Rs 626 crore

  The government has raised $116 million by selling shares in state-run National Aluminium Co Ltd (NALCO) on Friday, taking the government closer to its fundraising target to reduce the budget deficit.

• Nalco stake sale commences on bourses; scrip tanks 8 per cent

  Shares of Nalco plunged over 8 per cent on the BSE in the early trade on Friday as the government's up to 10 per cent stake sale of the PSU firm commenced on the bourses.

• Nalco floor price fixed at Rs 40 per share

  Giving a steep discount of 10 per cent, the government today fixed Rs 40 a share as the floor price for up to 10 per cent stake sale in aluminium major Nalco, which would fetch a minimum of Rs 1,031 crore.

• NALCO share sale deferred to 7 January 2013

  The proposed share sale of NALCO has been deferred until 7 January 2013 as the government wants to boost the financial strength of the state-owned aluminium manufacturer before a sale.

• Government eyes auctions to meet Rs 300 bn stake sale target

  Government is planning to kickstart stake sales in state-run companies in June through the auction of shares to meet a target of Rs 300 billion set for this fiscal year.

• Before market opens: Top developments

  Asian shares traded firm while car sales in India rose despite price hike.

• NBCC fixes IPO price band at Rs 90-106/share

  National Buildings Construction Corporation has fixed a price band of Rs 90-106 for its intial share sale