The government is going to dilute 15 percent stake in Rail Vikas Nigam (RVNL) via an offer for sale (OFS) to raise nearly Rs 750 crore. The issue will open on March 24, 2021 for non-retail investors, and on March 25, 2021 for retail investors. The government would divest 10% equity with a 5% Green Shoe option.
RVNL was incorporated as a 100 percent owned PSU of the Ministry of Railways on January 2003 with the objectives of raising extra-budgetary resources and implementation of projects relating to creation and augmentation of capacity of rail infrastructure on fast track basis.
Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.
Company Name | CMP |
---|---|
Larsen & Toubro | 3519.25 |
Rail Vikas Nigam | 258.65 |
KEC International | 693.50 |
Kalpataru Projects | 1200.45 |
NCC | 243.50 |
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