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TMI BlogNational Fertilizers Limited (NFL) OFS over-subscribed by 1.41 times;X X X X Extracts X X X X X X X X Extracts X X X X ..... National Fertilizers Limited (NFL) OFS over-subscribed by 1.41 times; - News and Press Release Dated:- 28-7-2017 - News - Retail portion got oversubscribed approximately 1.66 times while Non Retail portion oversubscribed by 1.35 times; Government likely to get ₹ 535 crore approximately and its shareholding in NFL after this OFS to come down to 74.71%. The Retail Portion of the National ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Fertilizers Ltd (NFL) OFS has been oversubscribed by the retail investors. Against the 20% portion amounting to ₹ 107.14 crore reserved for retail investors, the total bids of ₹ 178.67 crore has been received, thus the Retail Portion got oversubscribed approximately by 1.66 times. The Non Retail portion of the OFS opened on 26th July, 2017. Total subscription of ₹ 578.8 crore ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... has been received against shares for value of ₹ 428.57 crore at floor price and thus oversubscribed by 1.35 times. Overall, NFL OFS for 15% divestment for equity shares of 73586760 amounting to ₹ 535.71 crore at the floor price ₹ 72.80 per share, received a total demand for equity shares amounting to ₹ 757.45 crore. Therefore, the OFS of NFL was over-subscribed by 1.41 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... imes. This is the 3rd CPSE OFS in the current financial year, and the Government is likely to get ₹ 535 crore approximately. The Government shareholding in NFL after this OFS will come down to 74.71%. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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