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RailTel IPO subscribed 2.64 times on first day, offer ends on February 18


The IPO is entirely an offer-for-sale.
Government will offload 87,153,369 equity shares.
New Delhi: The initial public offer of telecom infrastructure provider RailTel Corporation of India was subscribed 2.64 times on the first day of subscription on Tuesday.
The Rs 819.24-crore offer received bids for 16,13,74,220 shares as against 6,11,95,923 shares on offer, as per an update on the NSE.
The category meant for non-institutional investors was subscribed 75 per cent and those for Retail Individual Investors (RIIs) got subscribed 4.99 times.
The public issue is of 8,71,53,369 equity shares and the price range is Rs 93-94 per share.
The company has raised Rs 244 crore from 14 anchor investors. It included participation from UK-based Aurigin Capital via its Aurigin Master Fund and Utilico Emerging Markets Trust, Reliance Capital-managed Cohesion MK Best Ideas Sub-Trust, Singapore-based Integrated Core Strategies Asia and Goldman Sachs India. ....

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RailTel Corporation IPO subscribed 6.64 times on second day


The initial public offer of telecom infrastructure provider RailTel Corporation of India was subscribed 6.64 times on the second day of subscription on Wednesday.
The Rs 819.24-crore offer received bids for 40,64,63,940 shares against 6,11,95,923 shares on offer, as per NSE data.
The qualified institutional buyers (QIBs) portion was subscribed 2.96 times, non institutional investors 2.63 times and retail individual investors(RIIs) 10.55 times.
The public issue is of 8,71,53,369 equity shares and in a price range of Rs 93-94 per share.
The company has raised Rs 244 crore from 14 anchor investors.
The offer is being managed by ICICI Securities Ltd, IDBI Capital Markets & Securities Ltd, and SBI Capital Markets Ltd. ....

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NMDC's Rs 1,378 crore share buyback opens today, stock jumps nearly 3%


NMDC s Rs 1,378 crore share buyback opens today, stock jumps nearly 3%
NMDC share buyback proposal comprises of 13.12 crore fully paid-up equity shares of a face value of Rs 1 each from the company s shareholders at a price of Rs 105 per equity share payable in cash
BusinessToday.In | December 17, 2020 | Updated 15:53 IST
NMDC share buyback to close on December 31
Shares of NMDC rose nearly 3 per cent to Rs 117.75 in intraday trade on the Bombay Stock Exchange on Thursday as the state-owned mineral producer s share buyback process started today.  The Rs 1,378 crore share buyback proposal of NMDC is scheduled for closing on December 31, 2020.
The NMDC s board had approved the share buyback proposal in a meeting on November 11, 2020. The buyback comprises of 13,12,43,809 fully paid-up equity shares, representing 5 per cent and 5.05 per cent of the total fully paid-up equity share capital and free reserves, of a face value of Re 1 each from the company s shareh ....

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