Disinvestment of 9.33 Percent Paid Up Equity in MMTC Ltd.
The Cabinet Committee on Economic Affairs has approved the disinvestment of 9.33 percent paid up equity of MMTC Ltd. out of the Government of India’s holding of 99.33 percent through an Offer for Sale of Shares through Stock Exchanges, as per SEBI Rules and Regulations. After this disinvestment the Government of India’s shareholding in the company would come down to 90 percent.
MMTC Ofs for Divestment of 9.33% Paid up Equity of the Government of
India Shareholding Done; Issue Overscribed by 1.55 Times;
Government Expects to Realize Proceeds of Rs. 567.90 Crores.
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