Centre announces OFS for RVNL, to sell up to 5.36% stake
1 year, 4 months ago

Centre announces OFS for RVNL, to sell up to 5.36% stake

Live Mint  

The central government on 26 July announced the 'Offer for Sale' of Rail Vikas Nigam Ltd's 5.36 stake, it informed via a stock regulatory filing. The notice said, "The Ministry of Railways has submitted to BSE a copy of notice of the proposed OFS up to 70,890,683 equity shares of RVNL on 27 July, 2023, and on 28 July, 2023 with an option to additionally sell 40,866,394 equity shares through a separate, designated window of the BSE Limited and the NSE collectively representing 5.36% of the total issued and paid up equity share capital of the company in accordance with the OFS guidelines." The central government said that the floor price for the RVNL OFS shall be ₹119 per equity share. The government will divest 5.36 percent equity including a green shoe option of 1.96 percent," Department of Investment and Public Asset Management secretary Tuhin Kanta Pandey said in a tweet.

Share Rvnl Ofs  shares  equity  announces  centre  investors  option  rvnl  share  sell  536  ofs  stake  shoe

History of this topic

Multibagger Rail Vikas Nigam share price rises 10%: 3 Reasons why the stock remains in focus today
5 months, 2 weeks ago

Multibagger Rail Vikas Nigam share price rises 10%: 3 Reasons why the stock remains in focus today

Live Mint  

Stock Market Today: Multibagger Rail Vikas Nigam share price gained more than 10% in morning trades on Wednesday. Rail Vikas Nigam share price that opened at ₹560.00, 3.17% higher than previous close of ₹542.75 on the NSE on Wednesday continued to rise to highs of ₹598, marking gains of more than 10%. Rail Vikas Nigam on Tuesday post market hours …

NHPC OFS: Govt to sell 3.5% stake in NHPC via OFS; floor price set at ₹66
11 months, 1 week ago

NHPC OFS: Govt to sell 3.5% stake in NHPC via OFS; floor price set at ₹66

Live Mint  

NHPC OFS: The government has proposed a stake of 3.5 per cent in renewable energy major NHPC Ltd through an offer-for-sale on January 18 and 19, 2024. The government will divest 3.5 per cent equity including green shoe option of one per cent.'' ‘’Retail investors shall mean an individual investor who places bids for offer shares of total value of …

RVNL share price touches lifetime high after 175% rally in one year
11 months, 1 week ago

RVNL share price touches lifetime high after 175% rally in one year

Live Mint  

RVNL share price has been in an uptrend since October 2022. RVNL share price today opened upside and went on to touch an intraday high of ₹205.40 per share level, which is a new lifetime high for this railway stock. Triggers for RVNL share price rally Asked about the reasons for the rise in RVNL share price, Saurabh Jain, Vice …

IIFL Securities sees 100% upside in this ₹70 share
1 year, 11 months ago

IIFL Securities sees 100% upside in this ₹70 share

Live Mint  

Multibagger stock for 2023: Rail Vikas Nigam Limited or RVNL shares are one of the multibagger stocks in 2022. As per the IIFL Securities report, RVNL shares may emerge as one of the multibagger stocks in 2023 as the brokerage sees RVNL share price rising to the tune of ₹130 apiece levels in next one year. On reasons for being …

Discover Related