MMTC’s Offer For Sale (OFS) drawing strong investors response was oversubscribed by 1.55 times as the issue attracted bids for 14.42 crore shares against 9.33 crore shares on offer by the close of market hours, according to data on BSE. The indicative price was Rs 60.86 apiece, higher than the base or minimum offer price of Rs 60 a share. At the indicative price, the stake sale would fetch the exchequer over Rs 567.82 crore.
The Empowered Group of Ministers (EGoM) on disinvestment headed by Finance Minister P Chidambaram yesterday approved the 9.33 crore shares stake sale of the trading giant through the OFS route. The stake sale would help the company meet the 10 per cent minimum public shareholding norm of market regulator SEBI.
| Company Name | CMP |
|---|---|
| Redington | 234.90 |
| Adani Enterprises | 2218.35 |
| Amrapali Industries | 17.53 |
| Rashi Peripheral | 455.25 |
| PDS | 301.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: