INSUBCONTINENT EXCLUSIVE:
E-commerce company MSTC had extended the share sale until Wednesday (Representational image)E-commerce firm MSTC's initial public offering
(IPO) to raise as much as Rs 226 crore ($32.86 million) was subscribed 1.5 times, after the company extended the share sale until Wednesday
and cut the lower end of the price band.Investors bid for 2.58 crore shares of the state-owned firm, compared to 1.77 crore shares on offer,
stock exchange data as of 5:00 pm showed.The issue was subscribed 1.12 times on Friday, when the IPO was originally set to close.MSTC
revised the price range for the share sale to Rs 120-128 per share on Monday from Rs 121-128.MSTC's share sale comes at a time
picked up amid renewed hopes for a second term for Prime Minister Narendra Modi's government.The government, which owns an 89.85 per cent
stake in MSTC, aims to sell up to 25 per cent of its share in the company.($1 = 68.77)Get the latest election news, live updates and
election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
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