Manganese Ore India (Moil), a state-owned mine operator, is 56 times oversubscribed for an IPO that could raise as much as Rp12.6bn ($275m).
01 Dec 2010
Moils IPO is the Indian governments latest privatisation as it seeks to realise assets and raise funds to tackle its deficit. The government is selling 33.6m shares, or 20%, in Moil, with the help of Edelweiss Capital, IDBI Capital and JP Morgan who are running the deal. The
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