Comments
The Centre's move to divest stake in State Trading Corporation began on a damp squib note, as there were no takers for the offer till 11.15 a.m.
The Government on Thursday cleared the floor price at Rs 74 a share for STC's offer-for-sale.The stock is currently ruling at Rs 73.4.
The Centre proposes to sell 6.13 lakh equity shares of face value of Rs10 each aggregating approximately 1.02 per cent of the total paid-up share capital of the company.
The divestment will help the Government to meet the minimum public shareholding norm of 90 per cent. The stake sale is expected to fetch Rs 4.5 crore to the Government.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.