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MOIL Share Sale Sees Robust Retail Demand; Government Nets Rs 480 Crore
27 Jan 2017, 01:45 PM IST i

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New Delhi: Government's 10 per cent stake sale in manganese miner MOIL today saw a robust response from retail investors who put in bids for over 5 times the shares reserved for them, ensuring Rs 480 crore to the exchequer.
Retail investors bid for over 1.42 crore shares as against 26.63 lakh shares or 5.3 times the number reserved for them in the two-day offer for sale which closed today.
Retail investors are being given 5 per cen...
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