The government had offered its 15% stake for divestment which was oversubscribed 1.41 times. The government now holds 74.71% stake in the firm. In a statement the finance ministry said that retail portion of the issue was oversubscribed by 1.66 times.
“Against the 20% portion amounting to Rs 107.14 crore reserved for retail investors, the total bids of Rs 178.67 cr has been received,” it said, adding that the non-retail portion of the OFS, which opened on Wednesday, was oversubscribed by 1.35 times.
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