MOIL announces proposed Employee Offer By Government Of India

In terms of Cabinet Committee of Economic Affairs (CCEA) decision dated 16 January 2015, it has been decided by Government of India to offer upto 6,65,939 equity shares of face value of Rs. 10/- each of MOIL Limited ('MOIL') to the Eligible Employees of MOIL ('Offer') at a discounted price of Rs. 346.75 (this price is at 5% discount to the cut off price of Rs. 365 discovered in the Offer for Sale of shares of MOIL carried out by Government of India on 24 & 25 January 2017).

The minimum and maximum number of equity shares which can be applied for by eligible employees is 10 and 576 equity shares, respectively.

The offer shall be open from 19/07/2017 to 27/07/2017 (both days inclusive).

Shares of MOIL LTD. was last trading in BSE at Rs.322 as compared to the previous close of Rs. 320.1. The total number of shares traded during the day was 16380 in over 710 trades.

The stock hit an intraday high of Rs. 325.95 and intraday low of 319.45. The net turnover during the day was Rs. 5296454.

Source : Equity Bulls

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