06
Jan
00:00
State-owned Indian mill receives go ahead for IPO
State-owned steelmaker Rashtriya Ispat Nigam (RINL) has received approval from the Securities and Exchange Board of India (Sebi) to carry out an initial public offering (IPO), Kallanish learns from Sebi.
Under the proposed IPO, the government would sell 488.98 million shares, of which 35% would be reserved for retail investors and 50% for qualified institutional buyers. A discount of up to 5% on the offer price will be offered to retail investors. The govern…
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Anonymous
Very good overview of the weekly steel market.
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