NMDC $ 3 Bn share sale to open March 10

A share sale in state-run miner NMDC Ltd to raise about $ 3 billion will open on March 10, and follow the standard book-building system for Indian offerings reports CNBC-TV18 quoting Sources. A price band for the issue will be announced on March 8, two of the sources, who did not wish to be named as they were not authorised to speak to the media, said on Wednesday.

Retail investors and NMDC employees are likely to get a discount of 5 percent to the discovered price, the sources said.

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