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Indian Mine Minister says GoM will take decision on Nalco divestment
Edited by : AL CIRCLE
1 min read
Union Minister of Mines Dinsha Patel said that Union Group of Ministers (GoM) will take decision on Nalco divestment. Patel said that the government is yet to take a final call on stake dilution as the Empowered Group of Ministers (EGoM) assigned to take the call has deferred the decision due to disagreement over share valuation.
Union Minister said this while addressing media at Bhubaneswar on Wednesday. Patel said that the employees of public sector National Aluminium Company (Nalco) are not opposed to the government’s plan to dilute stake in the company.
He further added that, there was earlier proposal to dilute 30 per cent, but the recent proposal talks about only 12.5 per cent. So I do not see why there would be any objection.
Union Minister said this while addressing media at Bhubaneswar on Wednesday. Patel said that the employees of public sector National Aluminium Company (Nalco) are not opposed to the government’s plan to dilute stake in the company.
He further added that, there was earlier proposal to dilute 30 per cent, but the recent proposal talks about only 12.5 per cent. So I do not see why there would be any objection.
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