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TMI BlogGood Response from FIIs in Government OFS TransactionsX X X X Extracts X X X X X X X X Extracts X X X X ..... Good Response from FIIs in Government OFS Transactions X X X X Extracts X X X X X X X X Extracts X X X X ..... poration (LIC) of India and Public Sector Banks (PSBs). However, this is not based on facts. During the year 2012-13, the Department of Disinvestment completed 7 OFS transactions - the major ones bei ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng Oil India Ltd., NMDC Ltd., NTPC Ltd., and SAIL. The Government raised about Rs.23,830 crore from 7 offerings. 39% of this amount came from FIIs. Only about 25% came from Insurance Companies includi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng LIC and less than 10% from Banks including Public Sector Banks. In the 4 big Issues, viz., Oil India Ltd., NMDC Ltd., NTPC Ltd., and SAIL an amount of Rs. 22,087 crore was raised, out of which the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... contribution of FIIs was 42%, Insurance Companies including LIC was 22%, and Banks including Public Sector Banks was less than 9%. Government while deciding the pricing of a particular offering take ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... into consideration factors like the strength of the Company, market conditions, investor interest, and participation of all categories of investors, etc.; and fix a very reasonable level of price. Gi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ven the inherent strength of the Government Companies, long-term investors' participation is good in Government Issues - whether FIIs or Domestic Institutions like LIC. DSM/RS/ka (Release ID :97465 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) X X X X Extracts X X X X X X X X Extracts X X X X
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