Disinvestment for 2017-18 kicks off with Rs 1,200 cr Nalco share sale

252 reads

Recommended by: Hindustan times

Overwhelming response from retail investors in the share sale of National Aluminium Company helped the government kick off the new financial year’s disinvestment programme.

Small investors bid 3.2 times over while high-networth individuals and institutional buyers bid 1.8 times more for the Nalco shares, stock exchange data showed.

The government mopped up Rs 1,204 crore--Rs 250 crore from retail and Rs 954 crore from institutions--by selling 9.2% in Nalco.

Commenting on the Nalco share sale, the secretary at the Department of Investment and Public Asset Management (DIPAM), Neeraj Gupta, said the government was confident of retail investor demand and hence had exercised the green-shoe option keeping in mind the last four disinvestments. “Today’s response validates

Read Original :Disinvestment for 2017-18 kicks off with Rs 1,200 cr Nalco share sale


changethis's picture

A Better Business through a Great Place to Work for All

“What it means to be a great workplace has evolved. We have entered a new era, a new frontier in business. Our economy has evolved through agrarian, industrial, and ‘knowledge’ phases to the point where the essential qualities of human beings—things
danielhpink's picture

This is the secret to making better decisions

Hey, Hubspot and I just released two new episodes of the 1-3-20 Podcast.As you might recall, the podcast's name describes its format. In each episode I talk to the author of 1 book. I ask her 3 key questions (What’s the big idea? Why should I care?
jackcanfield's picture

How to Lead a Successful Training Workshop

If you want to become a successful thought leader, author, speaker, or simply share your message with the world, you must understand how to lead a successful training workshop. I am going to share with you my very own process – what we call The


Ron Kaufman's picture

Why Business Leaders Must Attend Service Training

The most common question we hear when launching service excellence training programs inside large organizations is: “Do leaders really need to attend these workshops?” This raises a different and more important question for senior leaders: Do you
richardbranson's picture

Here’s How to Overcome Embarrassment and Improve Your Self-Confidence

The Fear of Embarrassment IQ Matrix will help you to take control and eventually overcome the feelings of embarrassment you may experience in awkward situations. The article explores what it means to be embarrassed; highlights causes of
jackcanfield's picture

How to Make 2018 Your Best Year Ever

Regardless of how you ring in the New Year (with lively parties and fireworks or cozy celebrations at home), there is a recurring theme at every New Year’s celebration: to the make this year the best year ever. “If you get clear on the what, the how


davecrenshaw's picture

Should you trust your customers?

If you trust your customer to pay you back, will you receive their loyalty plus interest? Well, that’s what I did. No, I didn’t take out a loan or buy a car. I was just getting some chicken. Popeyes fried chicken to be exact. No, this isn’t paid
johnsullivan's picture

Simplify Your Social Media Recruitment By Building Your Own Chatbot

Today, human resource staff focus more on strategizing and satisfying employees’ needs than on administration and recruiting, which were the cornerstones of HR work in a previous era. HR professionals are taking on a much more meaningful role in
Johngreathouse's picture

10 Step Checklist To Rank Your Startup Ideas

A version of this article first appeared in Forbes. Steven Johnson, author of How We Got To Now, analyzes technological breakthroughs, looking for patterns that allow entrepreneurs to identify “How We’ll Get To Tomorrow.” One of the key myths