NMDC's $1.2 billion share sale likely on Dec 13
Nov 29 2012 , Mumbai
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., kick-starting a stalled divestment programme that is crucial to reining in a ballooning fiscal deficit.