Department of Disinvestment (DoD) has finally finalised to sell 5% stake in Neyveli Lignite, CNBC-TV18 reported.
Due to the poor market conditions, the government has not been able to launch the Rs 30,000-crore disinvestment programme for the current fiscal so far.
The government currently holds 93.56% in NLC. The company is expecting to raise about Rs 500-600 crore by the stake sale. The company will also offer 5% discount to employees.
Monday, July 30, 2012
Nevyeli Lignite stake sale finalized
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# Nevyeli Lignite FPO
# Nevyeli Lignite Limited FPO
# Upcoming FPO List
# Upcoming issues
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