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Journalism of Courage
Public sector company MOIL Ltd,formerly known as Manganese Ore India Limited,will come out with an Initial Public Offering of 33,600,000 equity shares of Rs 10 each from November 26.
The offer will close on November 30 for the Qualified Institutional Buyers (QIBs) and on December 1,2010 for Retail and Non-Institutional Bidders (including eligible employees bidding under the employee reservation portion) respectively,Chairman and Managing Director of the company K J Singh told reporters.
The offer comprises a net offer to the public of 32,928,000 equity shares while 6,72,000 shares are reserved for employees,he said.
