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Government to disinvest 15% stake in KIOCL

22 Mar 2019 Evaluate

The Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, Government of India will disinvest upto 15% paid up equity of KIOCL out of Government of India shareholding of 99.06% through 'Follow-on Public Offer' in the domestic market.

KIOCL is Asia's largest iron ore mining and pelletisation complex and the country's biggest 100% export oriented unit engaged in the business of exporting high quality iron oxide pellets and pig iron.

Peers
Company Name CMP
Coal India 411.85
NMDC 79.70
Ashapura Minechem 525.80
Sandur Manganese 185.45
GMDC 556.60
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