KIOCL has received approval for Follow on Public Offer (FPO) for sale of 15% of paid up equity share capital of the company by the President of India, acting through the Ministry of Steel, Government of India, at a price to be determined by the Book Building process by the selling shareholder and the Company in consultation with the Book Running Lead Manager appointed for the Offer.
The Board of Directors of the Company at its meeting held on August 06, 2019 has approved the same.
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.
