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The Centre is likely to get ₹535 crore after shedding 15 per cent of its stake in National Fertilizers Ltd.
An official statement said after this offer-for-sale (OFS), the government's stake in NFL will come down to 74.71 per cent.
The statement said the NFL OFS was subscribed 1.41 times. The retail portion was subscribed 1.66 times while the non-retail portion 1.35 times.
The government received total bids of ₹178.67 crore against the 20 per cent portion amounting to ₹107.14 crore reserved for retail investors.
The non-retail portion of the OFS opened on July 26 and received a total subscription of ₹578.8 crore against ₹428.57 crore, the floor price value.
This is the third central public sector undertaking OFS in the current financial year.
On Thursday, shares of NFL closed at ₹71.25, down 2.66 per cent, on the BSE.
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