NMDC prices low as another public offering disappoints

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INDIAN EQUITIES

NMDC prices low as another public offering disappoints

Issue: Daily News - 14 March 2010

Keywords: nmdc, fpo, follow-on, ntpc, rec, share sale, india

Indian iron ore company NMDC fixed the price for its follow-on public offering at the bottom of its target range after a disappointing response from foreign and retail investors left the deal just 1.25 times covered. ..

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