The two-day NFL offer for sale opened for retail investors Thursday and was over-subscribed 1.66 times. Photo: Mint More From Livemint »New Delhi: The government’s 15% stake sale in National Fertilizers Ltd (NFL) Thursday fetched Rs535 crore to the exchequer, with over-subscription from both retail and institutional investors. The two-day offer for sale (OFS) opened for retail investors Thursday and was over-subscribed 1.66 times. Against Rs107 crore reserved for retail investors, total bids of Rs178.67 crore were received. “Overall, NFL OFS for 15% divestment for equity shares of 7.35 crore amounting to Rs535.71 crore at the floor price Rs72.80 per share, received a total demand for equity shares amounting to Rs757.45 crore.

Source: Mint July 27, 2017 16:07 UTC