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HindustanTimes Wed,17 Sep 2014

Govt may sell up to 10% in NALCO share auction: sources

Reuters  Mumbai, March 13, 2013
First Published: 19:41 IST(13/3/2013) | Last Updated: 19:43 IST(13/3/2013)

The government is likely to scale back the size of the share auction in state-owned National Aluminium Co Ltd (NALCO) and offer a hefty discount to the market price because of limited float in the stock and sluggish demand outlook for the metal, two sources with direct knowledge of the situation said.

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Earlier on Wednesday, a panel of ministers approved selling a 12.15% stake in the aluminium producer through a share auction on March 15.


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