in the current allocation we have about 60.79% shares with NMDC steel & is it that NMDC will acquire another 10% from open market quota and increase the share allocation to 60.79%+10% = 70.79%???
in the upcoming listing quota 60.79%+6.60%+20.23% = 87.52% of share quota is associated to GOI+DII+FII and only have 12.34% within public hand. without a bulk deal option on table NMDC only left with open market buy or institutions trade off on listing date. If this is the case acquiring 10% of quota in open market pool definitely kick in the price to higher levels, is it the understanding right?
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