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Nmdc Fpo

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Why NMDC FPO is an attractive offer for investors

The government's necessity to garner funds to bridge its fiscal deficit has thrown up an opportunity for investors in the form of NMDC Ltd's follow-on-public offering (FPO). In order to achieve......

NMDC FPO gets poor response on day one

Like its predecessors REC and NTPC, mining major NMDC, the third government-owned company to hit the markets this year, received tepid response on the first day of follow-on offer (FPO). According......

After 20 years, privatisation programme in India off to 'Maharaja' start

After a hiatus of nearly two decades, the government's programme to privatise state-owned firms restarted with the handing over of debt-laden national carrier Air India to the Tata Group.......

20 years later: India's privatisation story off to 'Maharaja' start

After a hiatus of nearly two decades, the government's CPSE privatisation programme started off with flying colours with Tata group buying the debt-laden national carrier Air India. Illustration:......

Govt divestment target falls short

The government got Rs 9,930 crore from its follow-on offer of NMDC shares, leaving it short by Rs 1,448 crore for its year's disinvestment target of Rs 25,000 crore. In addition, it got about Rs......

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