/ NALCO Sheds Over 6% Government To Sell 10% Stake ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 19 April 2017


Share of NALCO has tumbled over 6% in the early hours of trade on BSE on Wednesday’s session. The share of the company started trading at Rs 68.50 per share, touched a low of Rs 68.30 per share and a high of Rs 69.30 per share on intraday basis.

The share took a bearish mood and may trade in negative territory owing to the development that the government will open the first divestment account with 10% account sale in NALCO and may mop up Rs 600 crore.

In a recent filing by the company NALCO informed that the promoters of the company(government owns 74.58% and the remaining is with public) will sell 5% aggregating 9.67 crore  equity share through offer for sale .  
  
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