NMDC's $1.2 billion share sale likely on Dec 13
MUMBAI (Reuters) - The government's share selldown in state-run miner NMDC Ltd(NMDC.NS) to raise roughly $1.2 billion is likely to be launched on December 13, three sources with direct knowledge of the situation said on Thursday.
The government, which owns 90 percent of NMDC, plans to sell a 10 percent stake in the company. All the sources declined to be named as they were not authorised to speak to the media.
Last week, the government raised about $147 million by selling shares of state-run Hindustan Copper Ltd.(HCPR.NS), kick-starting a stalled divestment programme that is crucial to reining in a ballooning fiscal deficit.
(Reporting by Sumeet Chatterjee; Editing by Anupama Dwivedi)
- Tweet this
- Share this
- Digg this
- Malaysia military tracked missing plane to west coast - source
- UPDATE 3-U.S. Senate intelligence chief accuses CIA of spying on Senate
- UPDATE 4-Libyan parliament sacks PM after tanker escapes rebel-held port
- Freescale loss in Malaysia tragedy leads to travel policy questions
- UPDATE 2-Men's Wearhouse stitches up deal to buy Jos. A. Bank
MISSING MALAYSIAN PLANE
Malaysia's military believes a jetliner missing for almost four days turned and flew hundreds of kilometres to the west after it last made contact with civilian air traffic control off the country's east coast, a senior officer told Reuters on Tuesday. Full Article | Slideshow
India halts plan to join global bond indexes, defers Euroclear - sources. Full Article
EXCLUSIVE - India to slash Iran oil imports to meet nuclear deal parameters: sources. Full Article