MOIL Stake Sale: Institutional Buyers Put Up Strong Bids

New Delhi: The government's 10 per cent stake sale in MOIL Ltd opened to an enthusiastic response on Tuesday, with nearly one-third of the shares reserved for non-retail investors being lapped up in initial hours. The 2-day offer of sale (OFS) of the government's 10 per cent shares in MOIL at a floor price of Rs 365 opened for non-retail investors today. According to stock exchange data, 29.19 per cent of the 1.06 crore shares rese...